World Coin (WLD) 4H Chart Technical Analysis
Price and Candlestick Analysis
1. Key Supports:
1.2322 (38.2% Fibonacci): Immediate support and rebound level.
1.2222 (23.6% Fibonacci): Crucial support to maintain the uptrend.
1.1828 (0.0% Fibonacci): Final support and invalidation point of the bullish pattern.
2. Key Resistances:
1.2475 (50% Fibonacci): Immediate resistance; breaking it would confirm a new bullish momentum.
1.2628 (61.8% Fibonacci): Key resistance and psychological level.
1.2845 (78.6% of Fibonacci): Last resistance before reaching highs at 1.3231.
3. Candle Behavior:
The last candle shows a rejection at the resistance of 1.2475, indicating a possible consolidation.
Decreasing volume reflects a temporary pause in the bullish momentum.
Technical Indicators Analysis
Bollinger Bands (BB)
The price is slightly above the moving average at 1.1883, maintaining the bullish trend.
The bands are starting to narrow, indicating a possible consolidation before a stronger move.
MACD (Market Momentum)
The MACD remains above the signal line, but the green bars are decreasing, indicating a loss of momentum.
A downward cross would be a signal of possible correction.
Stochastic RSI (Market Relative Strength)
STOCH RSI: 49.93 and MASTOCH RSI: 48.12 are in neutral territory, indicating balance between buyers and sellers.
Moving Averages (MA)
MA(5): 18.20M and MA(10): 30.17M, both ascending, reflect a bullish bias.
The divergence between both MAs is decreasing, suggesting short-term consolidation.
Fibonacci Analysis (Extensions 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 a possible bounce).
Level 50%: 1.2475 (decisive level; breaking it would push the price towards previous highs).
2. Fibonacci Projection (Extension):
Level 1.0: 1.3231 (immediate target if it breaks the current resistance).
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 holds the support of 1.2322, it is likely to attempt to break the resistance of 1.2475.
A close above 1.2475 would confirm a new impulse towards 1.2628 and subsequently 1.2845.
If volume supports, the price could reach highs at 1.3231 and extend towards 1.3550 and 1.3850.
Bearish Scenario (Less likely, but possible)
If the price fails to surpass 1.2475 and falls below 1.2322, it could seek support at 1.2222.
A close below 1.2222 would signal a possible correction towards 1.1828.
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 break of 1.2475.
Objective: 1.2628, then 1.2845 and subsequently 1.3231.
Stop Loss: 1.2222 to limit losses.
Futures Strategy (Leverage x3 - x5)
Long Position - If it breaks the resistance
Entry: After the close of a 4H candle above 1.2475.
Objective: 1.2628 and then 1.2845.
Stop Loss: 1.2322 to protect capital.
Short Position - If the bounce fails
Entry: If the price rejects 1.2475 and falls below 1.2322.
Objective: 1.2222 and then 1.1828.
Stop Loss: 1.2475 to limit risks.
Final Conclusion
The chart shows a consolidation after the recent bullish impulse.
The bullish scenario remains the most likely if the price stays above 1.2322, 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.
