World Coin (WLD) 4H Chart Technical Analysis
Price and Candlestick Analysis
1. Key Supports:
1.0750: Last low recorded in the current fall.
1.0617: Next support zone if the downtrend continues.
2. Key Resistances:
1.1201: First immediate resistance after the rebound.
1.1785: Key level where the bearish structure could reverse.
3. Candle Behavior:
Strong previous drop with wide bearish candles, confirming selling pressure.
Recent green candles with long lower wicks, suggesting a rebound attempt, but still no confirmation.
Increasing volume in the last few candles, which could indicate accumulation or buying pressure in the support zone.
Technical Indicators Analysis
Bollinger Bands (BB)
The price has bounced from the lower band (1.0998), indicating oversold and a possible upward correction.
The middle band (1.1906) will be the first test of resistance.
MACD (Market Momentum)
MACD at -0.0058 with histogram still in red, indicating that the downtrend is still active, but with possible slowdown.
If the MACD crosses above the signal line, a possible bounce will be confirmed.
Stochastic RSI (Relative Market Strength)
STOCH RSI at 47.23 and MASTOCH RSI at 30.73, both showing recovery from oversold levels.
If it breaks 50 to the upside, it will confirm the continuation of the rebound.
Moving Averages (MA)
MA(5) at 27.35M and MA(10) at 28.41M, with a bearish trend.
Until the moving averages turn up, the main trend remains bearish.
Forecast
Bearish Scenario (Possible if bounce fails)
If the price fails to break 1.1201 and loses 1.1000, it could retest 1.0750.
Confirmation: Red candle with high volume closing below 1.1000.
Bullish Scenario (Most likely in the short term)
If the price breaks 1.1201 with volume, the next target will be 1.1785.
Confirmation: Green candle close with increasing volume above 1.1201.
Spot and Futures Investment Strategy
Spot Strategy (Long Term Purchase)
Buy at 1.0900 - 1.1000 with target at 1.17objetivS
Stop Loss: 1.0700.
Futures Strategy (Leverage x3 - x5)
Short Position - If the price does not exceed 1.1201
Entry: If price rejects 1.1201.
Target: 1.0750.
Stop Loss: 1.1300.
Long Position (Long) - If the rebound is confirmed
Entry: Close above 1.1201 with volume.
Target: 1.1785.
Stop Loss: 1.1000.
Final Conclusion
The price has shown an attempted bounce from 1.0750, but there is no clear confirmation yet.
If the price breaks 1.1201 with volume, it would open up the possibility of a return towards 1.1785.
It is recommended to go long only with volume confirmation, or short if the price rejects 1.1201.
