VERGE - XVG/USDT

- USDT (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	XVGUSDT
ISIN:

VERGE - XVG/USDT - Weekly - Technical analysis published on 12/24/2020 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Bullish

De fond: Slightly bullish

Technical indicators

44%

17%

39%

My opinion

Bullish above 0.004937 USDT

My targets

0.007209 USDT (+18.08%)

0.010714 USDT (+75.50%)

My analysis

The basic trend is currently slightly bullish on VERGE - XVG/USDT and the short term does not seem to show any sign of improvement. Buyers are struggling to get their hands on this instrument. However, as long as the price remains above 0.004937 USDT, purchases could be favourable. The first bullish objective would be the resistance located at 0.007209 USDT. Then the price could move towards 0.010714 USDT. Then 0.011308 USDT by extension. A return under the support to 0.004937 USDT could jeopardize this fragile bullish trend. Indecision would then be total and in this case you could keep away.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

2.7

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by dallas28. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

VERGE - XVG/USDT rating 0.006105 USDT. Over 5 days, this instrument lost -18.61% with the lowest point at 0.006853 USDT and the highest point at 0.008229 USDT. The deviation from the price is -10.91% for the low point and -25.81% for the high point.

0.006853

0.008229

0.006105

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

Technical

Technical analysis of VERGE - XVG/USDT in Weekly shows an overall slightly bullish trend. 53.57% of the signals given by moving averages are bullish. The slightly bullish signals given by short-term moving averages do not show a strengthening of this global trend. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, only 8 technical indicators out of 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Weekly

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	Price	R1	R2	R3
ProTrendLines	0.006105	0.011308	0.018790	0.091820
Change (%)	-	+85.23%	+207.78%	+1,404.01%
Change	-	+0.005203	+0.012685	+0.085715
Level	-	Major	Minor	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.003907	0.004870	0.005455	0.006418	0.007003	0.007966	0.008551
Camarilla	0.005613	0.005755	0.005897	0.006039	0.006181	0.006323	0.006465
Woodie	0.003717	0.004776	0.005265	0.006324	0.006813	0.007872	0.008361
Fibonacci	0.004870	0.005462	0.005827	0.006418	0.007010	0.007375	0.007966

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.004937	0.005617	0.006676	0.007356	0.008415	0.009095	0.010154
Camarilla	0.007257	0.007416	0.007576	0.007735	0.007894	0.008054	0.008213
Woodie	0.005127	0.005712	0.006866	0.007451	0.008605	0.009190	0.010344
Fibonacci	0.005617	0.006281	0.006692	0.007356	0.008020	0.008431	0.009095

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.002800	0.000452	0.003957	0.007209	0.010714	0.013966	0.017471
Camarilla	0.005605	0.006224	0.006844	0.007463	0.008082	0.008702	0.009321
Woodie	-0.002673	0.000515	0.004085	0.007272	0.010842	0.014029	0.017599
Fibonacci	0.000452	0.003033	0.004628	0.007209	0.009790	0.011385	0.013966

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	53.90
MACD (12,26,9):	0.0004
Directional Movement:	16.752834
AROON (14):	28.571431
DEMA (21):	0.006165
Parabolic SAR (0,02-0,02-0,2):	0.004083
Elder Ray (13):	0.001095
Super Trend (3,10):	0.002560
Zig ZAG (10):	0.006203
VORTEX (21):	1.0073
Stochastique (14,3,5):	49.76
TEMA (21):	0.006450
Williams %R (14):	-61.70
Chande Momentum Oscillator (20):	0.002211
Repulse (5,40,3):	-15.6243
ROCnROLL:	1
TRIX (15,9):	0.4817
Courbe Coppock:	54.86

MA7:	0.007105
MA20:	0.006900
MA50:	0.006035
MA100:	0.005146
MAexp7:	0.006391
MAexp20:	0.005688
MAexp50:	0.005572
MAexp100:	0.007485
Price / MA7:	-14.07%
Price / MA20:	-11.52%
Price / MA50:	+1.16%
Price / MA100:	+18.64%
Price / MAexp7:	-4.48%
Price / MAexp20:	+7.33%
Price / MAexp50:	+9.57%
Price / MAexp100:	-18.44%

Quotes : 2020-12-24 10:49:51 - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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