World Coin 4 Hour Chart Technical Analysis
1. Bollinger Bands Analysis
Key levels:
Banda superior (UP): 1.3015
Moving Average (MA): 1.2450
Lower band (DN): 1.1886
The current price of 1.3011 is touching the upper band, which suggests significant bullish pressure. If it holds with increasing volume, it could extend towards the next key resistance.
2. Momentum Indicators
MACD
DIF (-0.0082) and DEA (-0.0214) show an expanding positive histogram. This indicates an increase in bullish momentum.
Stochastic RSI
STOCHRSI: 96.42 (overbought zone).
MASTOCHRSI: 85.48 (also overbought).
Although both are overbought, the price could still advance a bit further before a correction.
3. Volume
Volume has increased noticeably during the recent breakout, reinforcing the validity of the current bullish move.
4. Analysis of Supports and Resistances
Supports:
1.2450 (moving average): First key support in case of correction.
1.1886 (lower band): Strong support level.
Resistors:
1.3015 (upper band): Immediate resistance that price is testing.
1.3571: Next target if price breaks above current levels.
5. Observed Patterns
The break of the descending trend line is confirmed, indicating a structural change towards a short-term bullish trend.
Forecast
1. Short term (next 8-16 hours):
The price could consolidate near 1.3015 before attempting a fresh advance towards 1.3571.
2. Medium term (next few days):
If it stays above 1.3000, the next target would be in the range of 1.4000.
If 1.2450 is lost, a pullback towards 1.1886 would be expected.
Investment Strategy
And Spot
1. Input:
Buy on pullbacks towards 1.2450 or on a confirmed break above 1.3015.
2. Output:
Partial profit taking at 1.3571 and complete profit taking at 1.4000.
3. Risk management:
Stop-loss: Below 1.2450.
In Futures
1. Long Position:
Enter long if price consolidates and breaks above 1.3015, targeting 1.3571 and then 1.4000.
Stop-loss: Below 1.2900.
2. Short Position:
Open a short position if the price moves back below 1.2450 with significant volume.
Target: 1.1886 and potentially 1.1374.
Stop-loss: Above 1.2550.
3. Leverage:
Moderately recommended (3x-5x) to manage high volatility risks.
Conclusion
World Coin is showing a positive shift in its technical structure, with bullish signals supported by a trendline break and increasing volume. However, the current overbought level on the Stochastic RSI could lead to a temporary correction before reaching new highs. Trading with proper risk management is crucial, especially in futures.
