Technical Analysis of the Daily Chart (1D) for World Coin (WLD)
1. Price Action and Candles Analysis
General Trend
Bearish trend in consolidation phase: The price continues to operate within a descending channel with multiple dynamic resistances (purple lines), but has begun to stabilize around 1.2780.
Defended support zone: The price hit a low at 0.9636 and has since been oscillating in a narrow sideways band, suggesting that buyers are defending this level.
Possible accumulation: A reduction in volatility is observed with small-bodied candles and wicks at both ends, indicating balance between supply and demand.
Key Candles
Indecision Candles: The presence of several candles with small bodies and long wicks suggests that the market has not yet decided its direction.
Absence of a strong bullish confirmation candle: To validate a reversal, a close with a large green body candle and high volume is needed.
Lack of volatility: The narrow range of the candles indicates that the price is accumulating energy before a possible explosive movement.
2. Technical Indicators Analysis
Bollinger Bands (BOLL)
Upper limit (UP): 2.0620 (strong resistance zone).
Midband (MB): 1.4924 (key resistance to confirm a trend change).
Lower limit (DN): 0.9228 (extreme support zone).
Conclusion: The price is trapped between the lower band and the midband. To confirm a rebound, it must break the midband at 1.4924 with strong volume.
MACD
MACD: 0.0066 (slightly positive, signaling reduced bearish pressure).
DIF: -0.2217, approaching the DEA (-0.2283).
Histogram: The red bars have decreased and turned green, indicating weakening of selling pressure.
Conclusion: The MACD is showing initial signs of a possible bullish reversal, but still needs confirmation with a stronger crossover.
Stochastic RSI (STOCHRSI)
STOCHRSI: 43.8641, approaching the midzone.
MSTOCHRSI: 36.1907.
Conclusion: The STOCHRSI has exited the oversold zone, indicating that bearish pressure has reduced and the market has room for an additional rebound.
Volume
Current volume: 3.86M, below recent peaks.
Conclusion: Although volume has decreased, the price remains stable, suggesting accumulation before a possible bullish movement.
3. Key Levels to Monitor
Supports
1.2000 → Immediate support.
0.9636 → Critical support that has been defended multiple times.
Resistances
1.3264 → Immediate resistance that the price must break to confirm a rebound.
1.4924 (Bollinger Midband) → Key resistance to validate a trend change.
1.6813 → Important resistance in case of a stronger bullish breakout.
4. Forecast
Bullish Scenario (Possible Reversal)
1. If the price breaks 1.3264 with volume, it may head towards 1.4924, where it will face a key trend change test.
2. If it breaks 1.4924 with confirmation, the next target will be 1.6813, which could mark the beginning of a bullish rally.
3. Volume will be key: If it increases, it will reinforce the likelihood of a sustained rise.
Bearish Scenario (Continuation of the Trend)
1. If the price fails to break 1.3264 and falls below 1.2000, we could see a new test of support at 0.9636.
2. If 0.9636 is lost, the next level of drop is 0.9228.
Forecast Summary
Short term: Likely attempt to rebound towards 1.3264, but still without confirmation of reversal.
Medium term: Needs to break 1.4924 to invalidate the bearish trend.
Long term: The bearish structure will only change if the price breaks 1.6813 with significant volume.
5. Investment Strategy
Spot Strategy (Buy and Sell)
Long Entry (Bullish)
Entry: Buy between 1.2000 and 1.2780 if support holds and there is a strong bullish candle.
Targets:
1.3264 (First target, partial exit).
1.4924 (Second target, full exit if there is no confirmation of continuation).
Stop-loss: Set a stop at 1.1800 to minimize risks.
Spot Selling Strategy
If the price does not break 1.3264, sell part of the position in the short term and wait for a re-entry at lower levels.
Futures Strategy
Short Position (Bearish)
Entry: If the price does not exceed 1.3264, open a short position with a target at 1.2000 and 0.9636.
Stop-loss: Above 1.3500 to avoid a quick liquidation.
Leverage: Maximum 3x due to high volatility.
Long Position (Bullish)
Entry: If the price confirms a breakout above 1.3264, open a long position with a first target at 1.4924.
Stop-loss: Below 1.2400 to minimize losses.
Leverage: Maximum 3x, increasing only if the trend is confirmed with volume.
6. Risk Management
Spot: Do not risk more than 2-3% of total capital per trade.
7. Conclusion and Strategy Summary
The price is consolidating near key support, but the bearish trend remains active.
The MACD shows a reduction in selling pressure, with a possible reversal underway.
The STOCHRSI indicates room for an additional rebound.
The key level to break is 1.3264; if it fails, it is likely to retest 1.2000 or even 0.9636.
Recommendation: Wait for confirmation with volume before taking a strong position. If the price breaks 1.3264 strongly, open longs; if not, wait for a new drop.
