World Coin (WLD) 4H Chart Technical Analysis
Price and Candlestick Analysis
1. Key Supports:
1.2475 (50% Fibonacci): Immediate support after the bullish momentum.
1.2322 (38.2% Fibonacci): Key support in case of correction.
1.2133 (23.6% Fibonacci): Last defense before a bigger fall.
2. Key Resistances:
1.2845 (78.6% Fibonacci): Immediate resistance reached.
1.3122 (Fibonacci Level 1.0): Next bullish target.
1.3405: Previous high, medium-term target.
3. Candle Behavior:
The latest bullish candle with high volume confirms the upward momentum.
The close above the 61.8% Fibonacci level (1.2628) is a sign of bullish continuation.
Rising volume supports the strength of the move.
Technical Indicators Analysis
Bollinger Bands (BB)
The price has reached the upper band, which could indicate a short-term correction or consolidation.
The BB moving average at 1.1676 acts as dynamic support.
MACD (Market Momentum)
The MACD is above the signal line and the histogram shows rising green bars, confirming the bullish trend.
The upward slope indicates strong buying momentum.
Stochastic RSI (Relative Market Strength)
STOCH RSI: 100.00 and MASTOCH RSI: 96.44 indicate that the market is in overbought territory, which could anticipate a temporary correction.
Moving Averages (MA)
MA(5): 23.53M and MA(10): 22.64M, both in an upward trend.
The MA(5) 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%: 1.2133 (immediate support in case of correction).
Level 38.2%: 1.2322 (key support).
Level 50%: 1.2475 (consolidation zone).
Level 61.8%: 1.2628 (key level to confirm bullish momentum).
Level 78.6%: 1.2845 (immediate resistance).
2. Fibonacci Projection (Extension):
Level 1.0: 1.3122 (immediate bullish target).
Level 1.272: 1.3405 (previous high and key resistance).
Level 1.618: 1.3538 (long-term target if the trend continues).
Forecast
Bullish Scenario (Most Likely)
If the price breaks the resistance of 1.2845, the next target will be 1.3122.
Confirmation of the bullish scenario will be a 4H candle close above 1.2845 with increasing volume.
If the momentum continues, the price could reach 1.3405 and then 1.3538.
Bearish Scenario (Less likely, but possible)
If the price fails to overcome 1.2845 and drops below 1.2628, it could look for support at 1.2475.
A close below 1.2475 would indicate a possible correction towards 1.2322 and 1.2133.
Spot and Futures Investment Strategy
Spot Strategy (Long Term Purchase)
Buy: After confirmed break of 1.2845.
Target: 1.3122, then 1.3405 and then 1.3538.
Stop Loss: 1.2628 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 1.2845.
Target: 1.3122 and then 1.3405.
Stop Loss: 1.2628 to protect capital.
Short Position - If the rebound fails
Entry: If price rejects 1.2845 and breaks below 1.2628.
Target: 1.2475 and then 1.2322.
Stop Loss: 1.2845 to limit risks.
Final Conclusion
The chart shows clear bullish momentum after breaking key Fibonacci levels.
The bullish scenario is most likely if the price breaks the resistance at 1.2845, with targets at 1.3122 and then at 1.3405.
It is recommended to take advantage of corrections to enter long positions and maintain a tight stop loss to manage risk.
