$WLD
Chart Analysis for WLD/USDT:
Timeframe: Daily (1D)
The Bollinger Bands (20, 2) show the price approaching the upper band, indicating a potential overbought condition.
Fibonacci Retracement Levels
The price is currently around the 0.236 level (2.346), indicating it might find support here.
Ichimoku Cloud
The price is below the Ichimoku Cloud, which is a bearish signal.
The future cloud is red and relatively thick, indicating potential strong resistance ahead.
Moving Averages
MA 7 close: Price is near the 7-day moving average (2.703), suggesting short-term resistance.
MA 25 close: Price is below the 25-day moving average (2.449), reinforcing a bearish sentiment.
MA 99 close: Price is significantly below the 99-day moving average (4.178), confirming the long-term bearish trend.
Stochastic Oscillator (14, 1, 3)
The stochastic oscillator shows the %K line at 83.72 and the %D line at 83.38, both in the overbought region, suggesting a potential price correction.
MACD (12, 26, 9)
The MACD histogram shows a positive crossover, indicating a potential bullish momentum. However, the MACD line is still below the signal line, suggesting caution.
ADX (14)
The ADX value is 14.88, indicating a weak trend. The trend direction is not strong enough to confirm a decisive move.
Balance of Power (BoP): shows a value of 0.54, indicating that buyers are somewhat in control but not significantly.
Market Depth
Order Book Analysis
There is a significant buy wall around 1.757, suggesting strong support at this level.
A sell wall is visible around 3.609, indicating strong resistance at this level.
Summary
Support Levels: 2.346 (Fib 0.236), 1.757 (order book)
Resistance Levels: 3.292 (Fib 0.382), 3.609 (order book)
Current Trend: Bearish with potential short-term bullish momentum
Potential Signals:
Bearish: Below Ichimoku Cloud,
Stochastic overbought, below MA 25 and MA 99.
Bullish: MACD positive crossover, approaching MA 7, strong support at 2.346.
And as always $BTC is the king😇.
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