VERGE - XVG/USDT - Weekly - Technical analysis published on 04/19/2024 (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 (+22.51%)
0.008447 USDT (+56.66%)
My analysis
The bullish trend is currently very strong on VERGE - XVG/USDT. As long as the price remains above the support at 0.004098 USDT, you could try to benefit from the boom. The first bullish objective is located at 0.006606 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.008447 USDT as an objective. Crossing it would then enable buyers to target 0.014490 USDT. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
5.9
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This analysis was given by mh572. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The VERGE - XVG/USDT price is 0.005392 USDT. Over 5 days, this instrument lost -10.18% and was traded between 0.005375 USDT and 0.006617 USDT over the period. The price is currently at +0.32% from its lowest point and -18.51% from its highest point.0.005375
0.006617
0.005392
A study of price movements over other periods shows the following variations:
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 82.14% 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.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.004098 | 0.005392 | 0.008447 | 0.014490 | 0.018220 |
| Change (%) | -24.00% | - | +56.66% | +168.73% | +237.91% |
| Change | -0.001294 | - | +0.003055 | +0.009098 | +0.012828 |
| 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 | 0.005045 | 0.005217 | 0.005415 | 0.005587 | 0.005785 | 0.005957 | 0.006155 |
| Camarilla | 0.005511 | 0.005545 | 0.005579 | 0.005613 | 0.005647 | 0.005681 | 0.005715 |
| Woodie | 0.005058 | 0.005224 | 0.005428 | 0.005594 | 0.005798 | 0.005964 | 0.006168 |
| Fibonacci | 0.005217 | 0.005358 | 0.005446 | 0.005587 | 0.005728 | 0.005816 | 0.005957 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 53.19 | |
| MACD (12,26,9): | 0.0008 | |
| Directional Movement: | 31.932408 | |
| AROON (14): | 71.428572 | |
| DEMA (21): | 0.006209 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.004902 | |
| Elder Ray (13): | 0.000292 | |
| Super Trend (3,10): | 0.004528 | |
| Zig ZAG (10): | 0.005484 | |
| VORTEX (21): | 1.0606 | |
| Stochastique (14,3,5): | 31.92 | |
| TEMA (21): | 0.006736 | |
| Williams %R (14): | -78.80 | |
| Chande Momentum Oscillator (20): | 0.002313 | |
| Repulse (5,40,3): | -74.5357 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 2.2421 | |
| Courbe Coppock: | 167.53 |
| MA7: | 0.005794 | |
| MA20: | 0.007960 | |
| MA50: | 0.006900 | |
| MA100: | 0.005317 | |
| MAexp7: | 0.006179 | |
| MAexp20: | 0.005259 | |
| MAexp50: | 0.004579 | |
| MAexp100: | 0.005443 | |
| Price / MA7: | -6.94% | |
| Price / MA20: | -32.26% | |
| Price / MA50: | -21.86% | |
| Price / MA100: | +1.41% | |
| Price / MAexp7: | -12.74% | |
| Price / MAexp20: | +2.53% | |
| Price / MAexp50: | +17.75% | |
| Price / MAexp100: | -0.94% |
Quotes :
-
Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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