VERGE - XVG/USDT - Weekly - Technical analysis published on 04/18/2024 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
50%
22%
28%
My opinion
Bullish above 0.004098 USDT
My targets
0.006606 USDT (+20.52%)
0.008447 USDT (+54.11%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on VERGE - XVG/USDT as long as the price remains well above 0.004098 USDT. The buyers' bullish objective is set at 0.006606 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.008447 USDT. If there is any crossing, the next objective would be the resistance located at 0.014490 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
6.3
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This analysis was given by mh572. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
VERGE - XVG/USDT rating 0.005481 USDT. The price registered a decrease of -23.93% over 5 days with the lowest point at 0.005389 USDT and the highest point at 0.006617 USDT. The deviation from the price is +1.71% for the low point and -17.17% for the high point.0.005389
0.006617
0.005481
Here is a more detailed summary of the historical variations registered by VERGE - XVG/USDT:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this Weekly chart of VERGE - XVG/USDT indicates that the overall trend is strongly bullish. The signals given by the moving averages are 85.71% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.004098 | 0.005481 | 0.008447 | 0.014490 | 0.018220 |
| Change (%) | -25.23% | - | +54.11% | +164.37% | +232.42% |
| Change | -0.001383 | - | +0.002966 | +0.009009 | +0.012739 |
| Level | Major | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.004842 | 0.005108 | 0.005357 | 0.005623 | 0.005872 | 0.006138 | 0.006387 |
| Camarilla | 0.005463 | 0.005511 | 0.005558 | 0.005605 | 0.005652 | 0.005699 | 0.005747 |
| Woodie | 0.004833 | 0.005104 | 0.005348 | 0.005619 | 0.005863 | 0.006134 | 0.006378 |
| Fibonacci | 0.005108 | 0.005305 | 0.005427 | 0.005623 | 0.005820 | 0.005942 | 0.006138 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.002147 | 0.001516 | 0.003760 | 0.007423 | 0.009667 | 0.013330 | 0.015574 |
| Camarilla | 0.004379 | 0.004920 | 0.005462 | 0.006003 | 0.006545 | 0.007086 | 0.007627 |
| Woodie | -0.002858 | 0.001161 | 0.003050 | 0.007068 | 0.008957 | 0.012975 | 0.014864 |
| Fibonacci | 0.001516 | 0.003773 | 0.005167 | 0.007423 | 0.009680 | 0.011074 | 0.013330 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.000849 | 0.002699 | 0.004756 | 0.006606 | 0.008663 | 0.010513 | 0.012570 |
| Camarilla | 0.005740 | 0.006098 | 0.006456 | 0.006814 | 0.007172 | 0.007530 | 0.007888 |
| Woodie | 0.000954 | 0.002751 | 0.004861 | 0.006658 | 0.008768 | 0.010565 | 0.012675 |
| Fibonacci | 0.002699 | 0.004191 | 0.005113 | 0.006606 | 0.008098 | 0.009020 | 0.010513 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 53.35 | |
| MACD (12,26,9): | 0.0008 | |
| Directional Movement: | 31.932408 | |
| AROON (14): | 71.428572 | |
| DEMA (21): | 0.006217 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.004902 | |
| Elder Ray (13): | 0.000284 | |
| Super Trend (3,10): | 0.004528 | |
| Zig ZAG (10): | 0.005538 | |
| VORTEX (21): | 1.0606 | |
| Stochastique (14,3,5): | 32.09 | |
| TEMA (21): | 0.006749 | |
| Williams %R (14): | -78.29 | |
| Chande Momentum Oscillator (20): | 0.002371 | |
| Repulse (5,40,3): | -72.1966 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 2.2455 | |
| Courbe Coppock: | 168.39 |
| MA7: | 0.006034 | |
| MA20: | 0.008017 | |
| MA50: | 0.006910 | |
| MA100: | 0.005298 | |
| MAexp7: | 0.006209 | |
| MAexp20: | 0.005260 | |
| MAexp50: | 0.004579 | |
| MAexp100: | 0.005444 | |
| Price / MA7: | -9.16% | |
| Price / MA20: | -31.63% | |
| Price / MA50: | -20.68% | |
| Price / MA100: | +3.45% | |
| Price / MAexp7: | -11.72% | |
| Price / MAexp20: | +4.20% | |
| Price / MAexp50: | +19.70% | |
| Price / MAexp100: | +0.68% |
Quotes :
-
Real time data
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