World Coin (WLD) 4H Chart Technical Analysis
Price and Candlestick Analysis
1. Key Supports:
1.0750: Recent low and major support.
1.0836: Level where the lower Bollinger band indicates a possible rebound.
2. Key Resistances:
1.1201: Immediate resistance that must be broken to confirm recovery.
1.1785: Next target in case of bullish breakout.
3. Candle Behavior:
Recent candles have shown long lower wicks, a sign of buying pressure in lower areas.
The latest green candles indicate an attempt at recovery after a prolonged downward phase.
Volume has been increasing on the green candles, indicating increased buying interest.
Technical Indicators Analysis
Bollinger Bands (BB)
The price touched the lower band (1.0836) and has bounced slightly.
The middle band at 1.1669 is the first test of resistance.
The upper band at 1.2502 will be targeted if the bullish momentum continues.
MACD (Market Momentum)
The MACD is in the negative (-0.0003), but the histogram shows a reduction in red bars, indicating a possible transition to a bullish signal.
A MACD crossover above the signal line would be a confirmation of a trend change.
Stochastic RSI (Relative Market Strength)
STOCH RSI: 60.85 and MASTOCH RSI: 56.70, both above 50, signaling bullish momentum in progress.
If they break the 70 level, it could enter overbought territory, but there is still room for further increases.
Moving Averages (MA)
MA(5): 17.74M and MA(10): 24.79M, both with a downward trend, which still reflects a bearish structure.
The crossing of the MA(5) over the MA(10) would confirm a short-term trend change.
Forecast
Bullish Scenario (Most Likely)
If the price breaks the resistance of 1.1201, it could continue towards 1.1785.
Confirmation of the bullish scenario will be a 4H candle close above 1.1201 with increasing volume.
Bearish Scenario (Less likely, but possible)
If the price fails to break above 1.1201 and drops below 1.1000, it could retest the support at 1.0750.
A close below 1.0836 would be a clear signal to look for short positions.
Spot and Futures Investment Strategy
Spot Strategy (Long Term Purchase)
Buy: Between 1.0900 - 1.1000 after confirmation of the rebound.
Target: 1.1785.
Stop Loss: 1.0750 to limit losses.
Futures Strategy (Leverage x3 - x5)
Long Position (Long) - If it breaks the resistance
Entry: After the close of a 4H candle above 1.1201.
Target: 1.1785.
Stop Loss: 1.1000 to protect capital.
Short Position - If the rebound fails
Entry: If price rejects 1.1201 and breaks below 1.1000.
Target: 1.0750.
Stop Loss: 1.1300 to limit risks.
Final Conclusion
The chart shows an attempted rebound from the support zone at 1.0750, with technical indicators starting to show signs of recovery.
The bullish scenario is most likely if the price breaks the resistance at 1.1201. If so, the targets would be 1.1785 and then 1.2502.
It is recommended to wait for confirmation of the rebound before opening long positions and keep a tight stop loss to manage the risk.
