World Coin (WLD) 4H Chart Technical Analysis
Price and Candlestick Analysis
1. Key Supports:
1.2475 (50% Fibonacci): Immediate support and critical level to maintain the uptrend.
1.2322 (38.2% Fibonacci): Crucial level to avoid a major correction.
1.2222 (23.6% Fibonacci): Invalidation point of the bullish pattern if broken.
2. Key Resistances:
1.2685 (61.8% Fibonacci): Immediate resistance; breaking it would confirm a new bullish momentum.
1.2845 (78.6% Fibonacci): Key resistance before reaching the highs at 1.3231.
1.3122 (100% Fibonacci): Final target if momentum continues.
3. Candle Behavior:
The last candle shows a positive close near the resistance of 1.2685, indicating buying pressure.
The increasing volume reflects interest and possible bullish continuation.
Technical Indicators Analysis
Bollinger Bands (BB)
The price is near the upper limit at 1.2867, indicating a possible overbought scenario and a slight correction before continuing upward.
The expansion of the bands suggests greater volatility and possible continuation of the current movement.
MACD (Market Momentum)
The MACD remains above the signal line and in positive territory, confirming bullish momentum.
The green bars continue to increase, indicating strength in the current trend.
Stochastic RSI (Relative Strength of the Market)
STOCH RSI: 64.78 and MASTOCH RSI: 56.41 show that the market still has room to continue upward before reaching an extreme overbought zone.
Moving Averages (MA)
MA(5): 18.95M and MA(10): 31.46M, both upward, reflect a strong bullish trend.
The increasing divergence between both MAs confirms the strength of the current trend.
Fibonacci Analysis (Advances and Retracements)
1. Retracement from the High of 1.3231:
Level 61.8%: 1.2685 (key level; breaking it could lead the price to previous highs).
Level 78.6%: 1.2845 (last resistance before the high).
2. Fibonacci Projection (Extension):
Level 1.0: 1.3122 (immediate target if it surpasses the current resistance).
Level 1.272: 1.3350 (medium-term target).
Level 1.618: 1.3650 (long-term target if the trend continues).
Exhaustive Forecast
Bullish Scenario (More likely)
If the price breaks and closes above 1.2685, it is likely to continue towards 1.2845 and subsequently 1.3122.
A daily close above 1.2845 would confirm a move towards the highs at 1.3231 and possibly towards 1.3350.
Bearish Scenario (Less likely, but possible)
If the price fails to break above 1.2685 and falls below 1.2475, it could seek support at 1.2322.
A close below 1.2322 would signal a possible correction towards 1.2222 or even 1.1828.
Spot and Futures Investment Strategy
Spot Strategy (Long-Term Buy)
Buy: After the confirmed break of 1.2685 or at the support of 1.2475 if there is a correction.
Target: 1.2845, then 1.3122 and subsequently 1.3350.
Stop Loss: 1.2322 to limit losses.
Futures Strategy (Leverage x3 - x5)
Long Position - If it breaks the resistance
Entry: After the close of a 4H candle above 1.2685.
Target: 1.2845 and then 1.3122.
Stop Loss: 1.2475 to protect capital.
Short Position - If the bounce fails
Entry: If the price rejects 1.2685 and falls below 1.2475.
Target: 1.2322 and then 1.2222.
Stop Loss: 1.2685 to limit risks.
Final Conclusion
The chart shows a strong bullish trend supported by the MACD and the Stochastic RSI.
The bullish scenario is more likely if the price breaks 1.2685, with targets at 1.2845, 1.3122, and potentially 1.3350.
It is recommended to take advantage of corrections to enter long positions and maintain a tight stop loss to manage risk.
