World Coin (WLD) 4H Chart Technical Analysis
Price and Candlestick Analysis
1. Key Supports:
1.1986: Strong support tested several times, indicating that many buyers are entering this zone.
1.1685: Deeper support, in case the price falls sharply.
2. Key Resistances:
1.2499: Level that the price needs to overcome to confirm an upward movement.
1.2958 - 1.3156: Upper resistance that, if broken, could lead to a broader recovery.
3. Candle Behavior:
Recent green candle with high volume indicates a possible recovery after testing the support at 1.1986.
Double bottom pattern forming around 1.1986, suggesting a possible bullish bounce.
Previous candles with long downward wicks, indicating rejection of the downside and buying pressure.
Technical Indicators Analysis
Bollinger Bands (BB)
The price is trying to break out of the lower band, which suggests a possible bounce.
MACD (Market Momentum)
MACD at -0.0006 with flat signal line, indicating bearish weakness.
Possible bullish crossover if momentum continues to rise.
Stochastic RSI (Relative Market Strength)
STOCH RSI at 58.10 and MASTOCH RSI at 34.49, both recovering.
Indicates that there is room for an increase before reaching overbought levels.
Moving Averages (MA)
MA(5) at 17.86M and MA(10) at 17.02M, showing slight bullish pressure.
Comprehensive Forecast
Bearish Scenario (Less Likely)
If the price breaks below 1.1986, the market could head towards 1.1685.
Confirmation: Red candle with high volume losing support.
Bullish Scenario (Most Likely)
If the price holds above 1.2400, there is a chance of a rebound towards 1.2499 - 1.2958.
Confirmation: Close above 1.2500 with volume.
Spot and Futures Investment Strategy
Spot Strategy (Long Term Purchase)
Buy at 1.2300 - 1.2400 with target at 1.2958.
Stop Loss: 1.1980.
Futures Strategy (Leverage x3 - x5)
Short Position - Only if it breaks 1.1986
Entry: If it loses 1.1986 with volume.
Target: 1.1685.
Stop Loss: 1.2050.
Long Position (Long) - Most likely
Entry: On the bounce from 1.2300.
Target: 1.2499 - 1.2958.
Stop Loss: 1.2200.
Final Conclusion
The price is in a key support zone and could bounce.
If the price breaks above 1.2499, it would confirm a recovery.
It is recommended to operate long with volume confirmation.
