World Coin (WLD) 4H Chart Technical Analysis
1. Price Analysis and Candlesticks
Key Supports:
1.2475 (50% Fibonacci): Major support level, breaking it would indicate a change in trend.
1.2322 (38.2% Fibonacci): Secondary support and key point to maintain the bullish movement.
1.2222 (23.6% Fibonacci): Weaker support; breaking this level could signal a deeper correction.
Key Resistances:
1.2685 (61.8% Fibonacci): Immediate resistance; a break would propel the price towards the previous highs.
1.2845 (78.6% Fibonacci): Crucial level before reaching all-time highs.
1.3122 (100% Fibonacci): Final target in case of continuation of the bullish momentum.
Candle Shape:
The last candle closed at 1.2527, just below the key level of 1.2685, suggesting slight selling pressure.
The candlestick pattern shows a possible rejection at resistance, although volume remains high, indicating market interest.
2. Analysis of Technical Indicators
Bollinger Bands (BB)
The price is close to the upper limit at 1.2940, indicating overbought conditions and a possible short-term correction.
The middle band at 1.2069 acts as dynamic support.
MACD (Market Momentum)
The MACD remains above the signal line, although the green bars on the histogram are starting to decline, indicating that the bullish momentum may be weakening.
Positive divergence remains present, supporting bullish continuation if key support holds.
Stochastic RSI (Relative Market Strength)
STOCH RSI: 63.88 and MASTOCH RSI: 64.71, both in moderate overbought zone. Although there are no immediate signs of reversal, consolidation is likely before continuing upwards.
Moving Averages (MA)
MA(5): 18.48M and MA(10): 27.68M, both ascending, confirming the bullish trend.
The positive divergence between the two averages indicates that the trend remains strong.
3. Fibonacci Analysis (Advances and Retracements)
Retracement from the High of 1.3231:
Level 61.8%: 1.2685 (critical resistance; its break would confirm the bullish continuation).
Level 78.6%: 1.2845 (last resistance before the all-time high).
Fibonacci Projection (Extension):
Level 1.0: 1.3122 (immediate target if current resistance is broken).
Level 1.272: 1.3350 (medium-term target).
Level 1.618: 1.3650 (long-term target if the trend continues).
4. Comprehensive Forecast
Bullish Scenario (Most Likely)
If the price breaks and closes above 1.2685, it is likely to continue towards 1.2845 and subsequently towards 1.3122.
A daily close above 1.2845 would confirm a move towards the highs at 1.3231 and potentially towards 1.3350.
Bearish Scenario (Less Likely)
If the price fails to overcome 1.2685 and drops below 1.2475, it could look for support at 1.2322.
A close below 1.2322 would signal a possible correction towards 1.2222 or even 1.1828.
5. Investment Strategy for Spot and Futures
Spot Strategy (Long Term Purchase)
Buy: After confirmed break of 1.2685 or at support of 1.2475 if there is a correction.
Target: 1.2845, then 1.3122 and finally 1.3350.
Stop Loss: 1.2322 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 1.2685.
Target: 1.2845 and then 1.3122.
Stop Loss: 1.2475 to protect capital.
❌ Short Position - If the rebound fails
Entry: If price rejects 1.2685 and breaks below 1.2475.
Target: 1.2322 and then 1.2222.
Stop Loss: 1.2685 to limit risks.
6. Final Conclusion
The chart shows an uptrend supported by the MACD and the Stochastic RSI.
The bullish scenario is more likely if the price breaks 1.2685, with targets at 1.2845, 1.3122 and potentially 1.3350.
It is recommended to take advantage of corrections to enter long positions and maintain a tight stop loss to manage risk.
