✍️👈Technical analysis of WCT/USDT on the daily timeframe (1D) on Binance:
📈 Technical Analysis - Daily Timeframe (1D)
🔹 Current Price: 0.3214 USDT
🔻 Change Percentage over 24 Hours: -1.35%
🔸 Daily High: 0.3440
🔸 Daily Low: 0.3163
🔍 Technical Indicators on the Daily Interval:
Moving Averages:
MA(7) = 0.3212 → Price is slightly above it (Neutral Signal).
MA(25) = 0.3202 → Recently breached upwards (Positive).
MA(99) = 0.3256 → Current Major Resistance, breaching it will be a strong entry signal.
RSI(6) = 61.99 → Good momentum without overbought conditions (Supports the likelihood of an upward move).
Candlestick Pattern: Recent candles show volatility with a tendency to rebound, which may indicate the beginning of a small upward wave, provided there is confirmation from upcoming candles.
🧭 Overall Technical Outlook (Trend Outlook):
The price is still within a downward-sloping range in the medium term, but it has started to show short-term upward signals after bouncing from the 0.3163 area.
Breaching the 0.3256 level and holding above it daily will change the overall trend to bullish towards:
Upcoming Resistance Levels: 0.33 ➝ 0.3380 ➝ 0.3440
In case of a drop below 0.3160, a correction may continue towards:
Next Supports: 0.3120 ➝ 0.3050
✅ Technical Recommendation (for the daily timeframe):
Safe Buy Trade: Starts after a daily close above 0.3260 with gradual targets up to 0.3440.
Preventive Sell Trade: Only if it breaks 0.3160 with a daily close.