$WLD
1. Current Price: 0.9142
Just had a slight rebound from the low of 0.8916 (local support).
Still below all major EMAs (12, 26, 50, 200) → medium-term trend is still bearish.
2. EMA (12, 26, 50, 200):
EMA 12 (0.9288) and EMA 26 (0.9528) are above the current price → exerting downward pressure.
EMA 200 is still far above (1.0227) → major trend is still down.
3. RSI (6): 38.7
Still in the lower area, approaching oversold, but no strong reversal signs yet.
A small rebound potential may occur, but it's not enough to confirm an upward trend.
4. MACD:
DIF line (-0.0240) and DEA (-0.0236) are still in the negative area → bearish trend has not reversed.
Histogram is starting to shrink → there are signs of bearish slowdown, but the signal is not bullish yet.
5. Support & Resistance:
Nearest support: 0.8916 (latest low).
Nearest resistance: 0.9342 – 0.9528 (EMA 12 & 26).
If it breaks below 0.8916 → possibility of continuing down to 0.86–0.85.
If it successfully breaks 0.935–0.95 → then there is a chance to reach 0.98–1.00.
---
📊 Trading Conclusion
Main trend (4H & daily): Bearish.
Short term: There is potential for a small rebound because RSI is approaching oversold, but it's not strong enough to confirm a long.
Safer:
Short if the price fails to break 0.935 – 0.95.
Long only if the price can hold above 0.95 with strong volume (reversal confirmation).