XDC NETWORK - XDC/USD - 1H - Technical analysis published on 07/07/2024 (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 bullish
Underlying:
Strongly bullish
Technical indicators
61%
22%
17%
My opinion
Bullish above 0.028160 USD
My targets
0.029936 USD (+3.27%)
0.030954 USD (+6.78%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on XDC NETWORK - XDC/USD as long as the price remains well above 0.028160 USD. The buyers' bullish objective is set at 0.029936 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.030954 USD. If there is any crossing, the next objective would be the resistance located at 0.034534 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 are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
6.3
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Additional analysis
Quotes
The XDC NETWORK - XDC/USD price is 0.028988 USD. On the day, this instrument gained +1.99% and was between 0.028405 USD and 0.029172 USD. This implies that the price is at +2.05% from its lowest and at -0.63% from its highest.0.028405
0.029172
0.028988
Here is a more detailed summary of the historical variations registered by XDC NETWORK - XDC/USD:
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of XDC NETWORK - XDC/USD in 1H shows a strongly overall bullish trend. 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.026741 | 0.027419 | 0.028160 | 0.028988 | 0.029156 | 0.029936 | 0.030954 |
| Change (%) | -7.75% | -5.41% | -2.86% | - | +0.58% | +3.27% | +6.78% |
| Change | -0.002247 | -0.001569 | -0.000828 | - | +0.000168 | +0.000948 | +0.001966 |
| Level | Minor | Intermediate | Intermediate | - | Major | 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 | 0.026521 | 0.026908 | 0.027665 | 0.028052 | 0.028809 | 0.029196 | 0.029953 |
| Camarilla | 0.028108 | 0.028213 | 0.028318 | 0.028423 | 0.028528 | 0.028633 | 0.028738 |
| Woodie | 0.026707 | 0.027001 | 0.027851 | 0.028145 | 0.028995 | 0.029289 | 0.030139 |
| Fibonacci | 0.026908 | 0.027345 | 0.027615 | 0.028052 | 0.028489 | 0.028759 | 0.029196 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.022391 | 0.024208 | 0.026316 | 0.028133 | 0.030241 | 0.032058 | 0.034166 |
| Camarilla | 0.027344 | 0.027703 | 0.028063 | 0.028423 | 0.028783 | 0.029143 | 0.029502 |
| Woodie | 0.022536 | 0.024281 | 0.026461 | 0.028206 | 0.030386 | 0.032131 | 0.034311 |
| Fibonacci | 0.024208 | 0.025708 | 0.026634 | 0.028133 | 0.029633 | 0.030559 | 0.032058 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.017464 | 0.023308 | 0.026486 | 0.032330 | 0.035508 | 0.041352 | 0.044530 |
| Camarilla | 0.027184 | 0.028011 | 0.028838 | 0.029665 | 0.030492 | 0.031319 | 0.032146 |
| Woodie | 0.016132 | 0.022642 | 0.025154 | 0.031664 | 0.034176 | 0.040686 | 0.043198 |
| Fibonacci | 0.023308 | 0.026754 | 0.028883 | 0.032330 | 0.035776 | 0.037905 | 0.041352 |
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): | 73.87 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | 31.817708 | |
| AROON (14): | 71.428571 | |
| DEMA (21): | 0.029174 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.029172 | |
| Elder Ray (13): | 0.000057 | |
| Super Trend (3,10): | 0.028882 | |
| Zig ZAG (10): | 0.028969 | |
| VORTEX (21): | 1.4732 | |
| Stochastique (14,3,5): | 69.49 | |
| TEMA (21): | 0.029187 | |
| Williams %R (14): | -38.16 | |
| Chande Momentum Oscillator (20): | 0.000217 | |
| Repulse (5,40,3): | -0.2149 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1625 | |
| Courbe Coppock: | 3.67 |
| MA7: | 0.028220 | |
| MA20: | 0.030506 | |
| MA50: | 0.033653 | |
| MA100: | 0.036514 | |
| MAexp7: | 0.029005 | |
| MAexp20: | 0.028760 | |
| MAexp50: | 0.028311 | |
| MAexp100: | 0.028202 | |
| Price / MA7: | +2.72% | |
| Price / MA20: | -4.98% | |
| Price / MA50: | -13.86% | |
| Price / MA100: | -20.61% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | +0.79% | |
| Price / MAexp50: | +2.39% | |
| Price / MAexp100: | +2.79% |
Quotes :
-
Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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