XDC NETWORK - XDC/USD - 1H - Technical analysis published on 04/30/2024 (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 bearish
Underlying:
Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 0.038965 USD
My targets
0.031001 USD (-9.49%)
0.030248 USD (-11.69%)
My analysis
The bearish trend is currently very strong for XDC NETWORK - XDC/USD. As long as the price remains below the resistance at 0.038965 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.031001 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.030248 USD as an objective. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.3
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Additional analysis
Quotes
The XDC NETWORK - XDC/USD rating is 0.034253 USD. The price is lower by -1.38% since the last closing with the lowest point at 0.034098 USD and the highest point at 0.035078 USD. The deviation from the price is +0.45% for the low point and -2.35% for the high point.0.034098
0.035078
0.034253
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this XDC NETWORK - XDC/USD chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are bearish. There is still some doubt about the decline in the price.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
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 signals that could have an impact on the current short-term trend:
Bearish doji star
Type : Bearish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.030248 | 0.034253 | 0.034366 | 0.039479 | 0.040672 |
| Change (%) | -11.69% | - | +0.33% | +15.26% | +18.74% |
| Change | -0.004005 | - | +0.000113 | +0.005226 | +0.006419 |
| Level | Intermediate | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.033536 | 0.033945 | 0.034339 | 0.034748 | 0.035142 | 0.035551 | 0.035945 |
| Camarilla | 0.034512 | 0.034586 | 0.034659 | 0.034733 | 0.034807 | 0.034880 | 0.034954 |
| Woodie | 0.033529 | 0.033941 | 0.034332 | 0.034744 | 0.035135 | 0.035547 | 0.035938 |
| Fibonacci | 0.033945 | 0.034252 | 0.034441 | 0.034748 | 0.035055 | 0.035244 | 0.035551 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.017811 | 0.025775 | 0.031001 | 0.038965 | 0.044191 | 0.052155 | 0.057381 |
| Camarilla | 0.032599 | 0.033808 | 0.035017 | 0.036226 | 0.037435 | 0.038644 | 0.039853 |
| Woodie | 0.016441 | 0.025091 | 0.029631 | 0.038281 | 0.042821 | 0.051471 | 0.056011 |
| Fibonacci | 0.025775 | 0.030814 | 0.033927 | 0.038965 | 0.044004 | 0.047117 | 0.052155 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.016739 | 0.029512 | 0.039666 | 0.052439 | 0.062593 | 0.075366 | 0.085520 |
| Camarilla | 0.043516 | 0.045618 | 0.047719 | 0.049821 | 0.051923 | 0.054024 | 0.056126 |
| Woodie | 0.015431 | 0.028857 | 0.038358 | 0.051784 | 0.061285 | 0.074711 | 0.084212 |
| Fibonacci | 0.029512 | 0.038270 | 0.043681 | 0.052439 | 0.061197 | 0.066608 | 0.075366 |
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): | 38.96 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -8.921606 | |
| AROON (14): | -85.714286 | |
| DEMA (21): | 0.034341 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.034922 | |
| Elder Ray (13): | -0.000273 | |
| Super Trend (3,10): | 0.034655 | |
| Zig ZAG (10): | 0.034168 | |
| VORTEX (21): | 0.9291 | |
| Stochastique (14,3,5): | 2.96 | |
| TEMA (21): | 0.034360 | |
| Williams %R (14): | -92.86 | |
| Chande Momentum Oscillator (20): | -0.000592 | |
| Repulse (5,40,3): | -0.4836 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0299 | |
| Courbe Coppock: | 1.67 |
| MA7: | 0.036756 | |
| MA20: | 0.037935 | |
| MA50: | 0.043484 | |
| MA100: | 0.043582 | |
| MAexp7: | 0.034328 | |
| MAexp20: | 0.034510 | |
| MAexp50: | 0.034904 | |
| MAexp100: | 0.035792 | |
| Price / MA7: | -6.81% | |
| Price / MA20: | -9.71% | |
| Price / MA50: | -21.23% | |
| Price / MA100: | -21.41% | |
| Price / MAexp7: | -0.22% | |
| Price / MAexp20: | -0.74% | |
| Price / MAexp50: | -1.87% | |
| Price / MAexp100: | -4.30% |
Quotes :
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Real time data
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About author
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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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