World Coin (WLD) 4H Chart Technical Analysis
Price and Candlestick Analysis
1. Key Supports:
1.1201: Critical level where it has bounced several times, forming a solid support.
1.0750: Main support in case of a bearish break, coinciding with a significant Fibonacci retracement.
2. Key Resistances:
1.1785: Immediate resistance, the break of which would confirm a change in trend.
1.2370: Medium-term target if previous resistance is broken.
3. Candle Behavior:
The latest candles are bullish and show long bodies, reflecting buying pressure.
The break of the downtrend line confirms a possible trend change.
The increase in volume validates the strength of the bullish movement.
Technical Indicators Analysis
Bollinger Bands (BB)
The price is close to the middle band, indicating a possible consolidation before a new bullish momentum.
The upper band at 1.2145 acts as an immediate target if the price continues to rise.
MACD (Market Momentum)
The MACD has crossed above the signal line, generating a buy signal.
The histogram shows rising green bars, indicating developing bullish momentum.
Stochastic RSI (Relative Market Strength)
STOCH RSI: 86.49 and MASTOCH RSI: 89.57, both in overbought zone, which could indicate a short-term correction before continuing the rise.
Volume Moving Averages (MA)
MA(5): 18.07M and MA(10): 19.99M, both in an upward trend, confirming the bullish strength.
The MA(5) has crossed above the MA(10), generating a buy signal.
Fibonacci Analysis (Advances and Retracements)
1. Retracement from the High of 1.3405:
Level 23.6%: 1.2370 (medium-term target).
Level 38.2%: 1.1785 (immediate resistance).
Level 50%: 1.1201 (key level to maintain the uptrend).
Level 61.8%: 1.0750 (last support before a bigger drop).
2. Fibonacci Projection (Extension):
Level 1.272: 1.2954 (long-term target if the uptrend continues).
Level 1.618: 1.3538 (historical high expected in case of sustained bullish breakout).
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 break above 1.1785 and drops below 1.1201, it could look for support at 1.0750.
A close below 1.0750 would indicate a possible return to lows.
Spot and Futures Investment Strategy
Spot Strategy (Long Term Purchase)
Buy: Between 1.1557 - 1.1785 after confirmation of the rebound.
Target: 1.2370 and then 1.2954.
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 and then 1.2954.
Stop Loss: 1.1557 to protect capital.
Short Position - If the rebound fails
Entry: If price rejects 1.1785 and breaks below 1.1557.
Target: 1.1201 and then 1.0750.
Stop Loss: 1.1785 to limit risks.
Final Conclusion
The chart shows a clear attempt to change the trend after breaking the downtrend 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.
