World Coin 4H Chart Technical Analysis
1. Price Action Analysis (Candles and Trend)
1. Breaking Dynamic Resistance:
There has been a break of the downtrend line, indicating a possible trend change from bearish to bullish.
Multiple solid-bodied candles are observed with bullish closes, indicating buying strength.
2. Accumulation Pattern:
The price has been consolidating at a key support zone, suggesting that large investors are accumulating ahead of a further bullish move.
A bullish hammer was observed at the 1.1479 area, indicating rejection of low prices and entry of buyers.
3. Volume and Movement Confirmation:
Volume has significantly increased in the last candles, confirming the buyers' intention to push the price higher.
The last candle with a high upper wick and bullish close indicates that there is still selling pressure at higher levels, but buyers remain strong.
2. Technical Indicators Analysis
Bollinger Bands (BB)
The price is breaking the middle band (MB: 1.2489) and approaching the upper band (1.2982).
The upper band is curving upwards, indicating an expansion of bullish volatility.
MACD (Moving Average Convergence Divergence)
The MACD has crossed above the signal line, confirming bullish momentum.
The histogram bars are green and increasing, indicating that bullish momentum is still rising.
Stochastic RSI (Stoch RSI)
Stoch RSI: 72.76 - MASTOCH: 71.46, showing that the price is approaching overbought levels.
Warning: There may be a slight correction before continuing the rise.
Moving Averages (MA)
MA(5) has crossed above MA(10), indicating confirmation of bullish trend.
MA(50) and MA(100) are still tilted downwards, suggesting that the overall bearish trend is not over.
3. Exhaustive Forecast
Bullish Scenario (More Likely)
If the price manages to consolidate above 1.2767, it could continue towards 1.3571 and subsequently 1.5056.
A 4H candle close above 1.3571 would confirm a medium-term trend change.
Bearish Scenario (Less Likely)
If the price fails to surpass 1.2767, we could see a correction down to 1.2388.
If it loses this level, key support is at 1.1377.
4. Successful Spot and Futures Trading Strategy
Strategy for Spot Trading
Entry: Buy at 1.2500 - 1.2700 after support confirmation.
Sell Target: 1.3571 - 1.5056.
Stop Loss: 1.2170 (to protect capital in case of bullish pattern invalidation).
Strategy for Futures Trading
Long Position
Entry: Confirmation of break at 1.2767 or rebound at 1.2388.
Target: 1.3571 - 1.5056.
Stop Loss: 1.2170.
Recommended leverage: x3 - x5 to manage risk.
Short Position - Only if there is rejection at resistances
Entry: If the price fails to break 1.3571 and there is a bearish reversal signal.
Target: 1.2388.
Stop Loss: 1.3800.
5. Final Conclusion
World Coin is showing signs of bullish reversal with increasing volume and a break of dynamic resistance. If the price confirms support above 1.2767, the next move could be towards 1.3571. It is recommended to trade with risk management and adjust positions according to volume behavior and market structure.
