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 03/02/2024 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 0.045780 USD
My targets
0.050021 USD (+4.79%)
0.053041 USD (+11.12%)
My analysis
XINFIN NETWORK - XDC/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.045780 USD. The next resistance located at 0.050021 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.053041 USD. After this resistance, buyers could then target 0.058568 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
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 0.047733 USD. The price registered an increase of +14.71% on the session and was between 0.041558 USD and 0.047733 USD. This implies that the price is at +14.86% from its lowest and at 0% from its highest.

0.041558
0.047733
0.047733

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

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by XINFIN NETWORK - XDC/USD:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



The Central Volumes scanner notes the presence of abnormal volumes:

Central Volumes

Abnormal volumes

Timeframe : 5 days

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. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 90

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour


CCI indicator: bearish divergence

Type : Bearish

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 3

Type : Neutral

Timeframe : 1 hour


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly


MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour



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

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bullish signals that could support the hypothesis of a small rebound in the very short term:

Central Candlesticks

White marubozu

Type : Bullish

Timeframe : 1 hour


Long white line

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.041816 0.042018 0.045780 0.047733 0.053041 0.058568 0.066630
Change (%) -12.40% -11.97% -4.09% - +11.12% +22.70% +39.59%
Change -0.005917 -0.005715 -0.001953 - +0.005308 +0.010835 +0.018897
Level Major Minor Major - Minor Intermediate Minor



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0403630.0406610.0411370.0414350.0419110.0422090.042685
Camarilla0.0413990.0414700.0415410.0416120.0416830.0417540.041825
Woodie0.0404510.0407060.0412250.0414800.0419990.0422540.042773
Fibonacci0.0406610.0409570.0411400.0414350.0417310.0419140.042209


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0371940.0388510.0402280.0418850.0432620.0449190.046296
Camarilla0.0407720.0410500.0413280.0416060.0418840.0421620.042440
Woodie0.0370550.0387810.0400890.0418150.0431230.0448490.046157
Fibonacci0.0388510.0400100.0407260.0418850.0430440.0437600.044919


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0329480.0363190.0386390.0420100.0443300.0477010.050021
Camarilla0.0393950.0399170.0404380.0409600.0414820.0420030.042525
Woodie0.0324240.0360560.0381150.0417470.0438060.0474380.049497
Fibonacci0.0363190.0384930.0398360.0420100.0441840.0455270.047701

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): 90.64
MACD (12,26,9): 0.0012
Directional Movement: 71.942892
AROON (14): 92.857143
DEMA (21): 0.045679
Parabolic SAR (0,02-0,02-0,2): 0.045029
Elder Ray (13): 0.002191
Super Trend (3,10): 0.045901
Zig ZAG (10): 0.047124
VORTEX (21): 1.7421
Stochastique (14,3,5): 98.69
TEMA (21): 0.046323
Williams %R (14): -3.92
Chande Momentum Oscillator (20): 0.003271
Repulse (5,40,3): 3.6711
ROCnROLL: 1
TRIX (15,9): 0.2869
Courbe Coppock: 14.08
MA7: 0.041648
MA20: 0.042355
MA50: 0.044124
MA100: 0.047408
MAexp7: 0.045770
MAexp20: 0.043977
MAexp50: 0.042890
MAexp100: 0.042033
Price / MA7: +14.61%
Price / MA20: +12.70%
Price / MA50: +8.18%
Price / MA100: +0.69%
Price / MAexp7: +4.29%
Price / MAexp20: +8.54%
Price / MAexp50: +11.29%
Price / MAexp100: +13.56%

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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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…

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