XDC NETWORK - XDC/USD
XDC NETWORK - XDC/USD
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Type: Cryptocurrencies
Ticker: XDCUSD
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XDC NETWORK - XDC/USD - 1H - Technical analysis published on 12/31/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 0.057803 USD
My targets
0.064318 USD (+6.69%)
0.066064 USD (+9.59%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on XINFIN NETWORK - XDC/USD as long as the price remains well above 0.057803 USD. The buyers' bullish objective is set at 0.064318 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.066064 USD. If there is any crossing, the next objective would be the resistance located at 0.090000 USD. 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 confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.9

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 Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

XINFIN NETWORK - XDC/USD rating 0.060284 USD. The price has increased by +6.44% since the last closing and was between 0.056634 USD and 0.060285 USD. This implies that the price is at +6.44% from its lowest and at +0.00% from its highest.

0.056634
0.060285
0.060284

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by XINFIN NETWORK - XDC/USD:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of XINFIN NETWORK - XDC/USD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour



An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour


RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.055503 0.056563 0.057803 0.060284 0.066064 0.090000 0.141800
Change (%) -7.93% -6.17% -4.12% - +9.59% +49.29% +135.22%
Change -0.004781 -0.003721 -0.002481 - +0.005780 +0.029716 +0.081516
Level Major Minor Intermediate - Intermediate Major Minor



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
Standard0.0519780.0530620.0548510.0559350.0577240.0588080.060597
Camarilla0.0558490.0561120.0563760.0566390.0569020.0571660.057429
Woodie0.0523300.0532380.0552030.0561110.0580760.0589840.060949
Fibonacci0.0530620.0541600.0548380.0559350.0570330.0577110.058808


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0397850.0436240.0501320.0539710.0604790.0643180.070826
Camarilla0.0537940.0547420.0556910.0566390.0575880.0585360.059484
Woodie0.0411190.0442910.0514660.0546380.0618130.0649850.072160
Fibonacci0.0436240.0475770.0500190.0539710.0579240.0603660.064318


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0343440.0406540.0445830.0508930.0548220.0611320.065061
Camarilla0.0456960.0466350.0475730.0485120.0494510.0503890.051328
Woodie0.0331540.0400590.0433930.0502980.0536320.0605370.063871
Fibonacci0.0406540.0445650.0469820.0508930.0548040.0572210.061132

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): 81.05
MACD (12,26,9): 0.0010
Directional Movement: 52.159249
AROON (14): 85.714286
DEMA (21): 0.059090
Parabolic SAR (0,02-0,02-0,2): 0.058521
Elder Ray (13): 0.001146
Super Trend (3,10): 0.058639
Zig ZAG (10): 0.059520
VORTEX (21): 1.6768
Stochastique (14,3,5): 99.60
TEMA (21): 0.059553
Williams %R (14): -0.03
Chande Momentum Oscillator (20): 0.002863
Repulse (5,40,3): 1.2564
ROCnROLL: 1
TRIX (15,9): 0.2231
Courbe Coppock: 8.04
MA7: 0.054175
MA20: 0.050511
MA50: 0.050737
MA100: 0.050336
MAexp7: 0.058948
MAexp20: 0.057828
MAexp50: 0.056400
MAexp100: 0.054795
Price / MA7: +11.28%
Price / MA20: +19.35%
Price / MA50: +18.82%
Price / MA100: +19.76%
Price / MAexp7: +2.27%
Price / MAexp20: +4.25%
Price / MAexp50: +6.89%
Price / MAexp100: +10.02%

Quotes : - Real time data - Cryptocompare

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

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