Technical Analysis of the 4H Chart for World Coin (WLD)
Price and Candle Analysis
1. Key Supports:
1.2222 (23.6% Fibonacci): Immediate support in the current retracement.
1.2133 (Second level of 23.6%): Critical support; losing this level could trigger a deeper correction.
1.1828 (0.0% Fibonacci): Final support of the current structure.
2. Key Resistances:
1.2475 (50% Fibonacci): Immediate resistance; surpassing this level would open the way for new bullish momentum.
1.2628 (61.8% Fibonacci): Key resistance and market decision point.
1.2845 (78.6% Fibonacci): Final resistance before attempting to surpass the high at 1.3231.
3. Candle Behavior:
The last candle shows a rejection at the resistance of 1.2475, indicating a possible consolidation before a new bullish attempt.
Decreasing volume suggests a temporary pause in bullish momentum.
Technical Indicators Analysis
Bollinger Bands (BB)
The price is above the BB moving average at 1.1802, which remains bullish.
However, the range is narrowing, indicating a possible consolidation before a more significant movement.
MACD (Market Momentum)
The MACD remains above the signal line, but the green bars are decreasing, reflecting a loss of momentum.
If the green bars start to grow again, it would confirm a restart of the bullish momentum.
Stochastic RSI (Market Relative Strength)
STOCH RSI: 45.14 and MASTOCH RSI: 45.21 are in neutral territory, meaning the price has room to go up or down without being overbought or oversold.
Moving Averages (MA)
MA(5): 33.81M and MA(10): 30.84M, both upward, maintain the bullish bias.
The difference between both MAs has narrowed, which could indicate short-term consolidation.
Fibonacci Analysis (Advances and Retracements)
1. Retracement from the High of 1.3231:
Level 23.6%: 1.2222 (immediate support).
Level 38.2%: 1.2322 (key zone for the current bounce).
Level 50%: 1.2475 (immediate resistance; overcoming it would confirm the bullish continuation).
Level 61.8%: 1.2628 (crucial level; breaking it would confirm a momentum towards previous highs).
2. Fibonacci Projection (Extension):
Level 1.0: 1.3231 (immediate target if the current resistance is surpassed).
Level 1.272: 1.3550 (medium-term target).
Level 1.618: 1.3850 (long-term target if the trend continues).
Exhaustive Forecast
Bullish Scenario (More likely)
If the price stays above 1.2222, it is likely to attempt to break the resistance of 1.2475.
A 4H candle close above 1.2475 would confirm the bullish continuation towards 1.2628 and subsequently 1.2845.
If the volume supports it, the price could reach highs at 1.3231 and extend towards Fibonacci targets at 1.3550 and 1.3850.
Bearish Scenario (Less likely, but possible)
If the price fails to surpass 1.2475 and falls below 1.2222, it could seek support at 1.2133.
A close below 1.2133 would indicate a possible correction towards 1.1828 and 1.1687.
Spot and Futures Investment Strategy
Spot Strategy (Long-Term Buy)
Buy: In the zone of 1.2322 if the price corrects, or after the confirmed breakout of 1.2475.
Target: 1.2628, then 1.2845 and subsequently 1.3231.
Stop Loss: 1.2133 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 1.2475.
Target: 1.2628 and then 1.2845.
Stop Loss: 1.2322 to protect capital.
Short Position (Short) - If the bounce fails
Entry: If the price rejects 1.2475 and falls below 1.2222.
Target: 1.2133 and then 1.1828.
Stop Loss: 1.2475 to limit risks.
Final Conclusion
The chart shows a consolidation after the recent bullish momentum.
The bullish scenario remains the most likely if the price stays above 1.2222, with targets at 1.2475, 1.2628, and 1.2845.
It is recommended to take advantage of corrections to enter long positions and maintain a tight stop loss to manage risk.
