World Coin (WLD) 4H Chart Technical Analysis
Price and Candlestick Analysis
1. Key Supports:
1.1201: Immediate support and psychological level.
1.0750: Main support where the last bullish rebound was generated.
2. Key Resistances:
1.1785: Immediate resistance that must be broken to confirm bullish continuation.
1.2370: Next target if it breaks above the previous resistance.
3. Candle Behavior:
The latest candles are bullish and have long bodies, reflecting buying pressure.
The break of the downtrend line indicates a possible trend change.
The increase in volume confirms the validity of the bullish movement.
Technical Indicators Analysis
Bollinger Bands (BB)
The price is close to the middle band (1.1601), indicating a possible consolidation before a new bullish momentum.
The upper band at 1.2304 is the target if the price breaks the resistance of 1.1785.
MACD (Market Momentum)
The MACD has crossed above the signal line, giving a buy signal.
The histogram shows rising green bars, indicating developing bullish momentum.
Stochastic RSI (Relative Market Strength)
STOCH RSI: 95.40 and MASTOCH RSI: 91.29, both in overbought zone, which could indicate a short-term correction before continuing the rise.
Moving Averages (MA)
MA(5): 16.19M and MA(10): 18.74M, both in an upward trend, confirming the bullish strength.
The MA(5) has crossed above the MA(10), generating a buy signal.
Comprehensive Forecast
Bullish Scenario (Most Likely)
If the price breaks the resistance of 1.1785, the next target will be 1.2370.
Confirmation of the bullish scenario will be a 4H candle close above 1.1785 with increasing volume.
Bearish Scenario (Less likely, but possible)
If the price fails to overcome 1.1785 and drops below 1.1601, it could look for support at 1.1201.
A close below 1.1201 would signal a possible return to 1.0750.
Spot and Futures Investment Strategy
Spot Strategy (Long Term Purchase)
Buy: Between 1.1600 - 1.1730 after confirmation of the rebound.
Target: 1.2370.
Stop Loss: 1.1201 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 1.1785.
Target: 1.2370.
Stop Loss: 1.1600 to protect capital.
Short Position - If the rebound fails
Entry: If price rejects 1.1785 and breaks below 1.1601.
Target: 1.1201.
Stop Loss: 1.1800 to limit risks.
Final Conclusion
The chart shows a clear attempt to change the trend after breaking the bearish trend line.
The bullish scenario is most likely if the price breaks the resistance at 1.1785, with targets at 1.2370 and then at 1.2954.
It is recommended to take advantage of the correction to enter long positions and maintain a tight stop loss to manage risk.
