XDC NETWORK - XDC/USD - 1H - Technical analysis published on 12/06/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 0.082745 USD
My targets
0.087202 USD (+2.86%)
0.090000 USD (+6.16%)
My analysis
The bullish trend is currently very strong on XDC NETWORK - XDC/USD. As long as the price remains above the support at 0.082745 USD, you could try to benefit from the boom. The first bullish objective is located at 0.087202 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.090000 USD as an objective. 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.
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
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
XDC NETWORK - XDC/USD rating 0.084776 USD. The price registered an increase of +14.13% on the session and was traded between 0.073796 USD and 0.084795 USD over the period. The price is currently at +14.88% from its lowest and -0.02% from its highest.0.073796
0.084795
0.084776
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
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 strongly bullish trend. 89.29% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
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
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.072970 | 0.077261 | 0.082745 | 0.084776 | 0.087202 | 0.090000 |
| Change (%) | -13.93% | -8.86% | -2.40% | - | +2.86% | +6.16% |
| Change | -0.011806 | -0.007515 | -0.002031 | - | +0.002426 | +0.005224 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.061368 | 0.065149 | 0.069715 | 0.073496 | 0.078062 | 0.081843 | 0.086409 |
| Camarilla | 0.071986 | 0.072751 | 0.073516 | 0.074281 | 0.075046 | 0.075811 | 0.076576 |
| Woodie | 0.061761 | 0.065345 | 0.070108 | 0.073692 | 0.078455 | 0.082039 | 0.086802 |
| Fibonacci | 0.065149 | 0.068338 | 0.070307 | 0.073496 | 0.076685 | 0.078654 | 0.081843 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.040546 | 0.045353 | 0.053425 | 0.058232 | 0.066304 | 0.071111 | 0.079183 |
| Camarilla | 0.057954 | 0.059135 | 0.060315 | 0.061496 | 0.062677 | 0.063857 | 0.065038 |
| Woodie | 0.042178 | 0.046169 | 0.055057 | 0.059048 | 0.067936 | 0.071927 | 0.080815 |
| Fibonacci | 0.045353 | 0.050273 | 0.053313 | 0.058232 | 0.063152 | 0.066192 | 0.071111 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.004955 | 0.010733 | 0.036114 | 0.051802 | 0.077183 | 0.092871 | 0.118252 |
| Camarilla | 0.050202 | 0.053967 | 0.057731 | 0.061496 | 0.065261 | 0.069025 | 0.072790 |
| Woodie | -0.000108 | 0.013156 | 0.040962 | 0.054225 | 0.082031 | 0.095294 | 0.123100 |
| Fibonacci | 0.010733 | 0.026421 | 0.036113 | 0.051802 | 0.067490 | 0.077182 | 0.092871 |
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): | 69.72 | |
| MACD (12,26,9): | 0.0024 | |
| Directional Movement: | 26.230730 | |
| AROON (14): | 78.571429 | |
| DEMA (21): | 0.081372 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.078047 | |
| Elder Ray (13): | 0.003526 | |
| Super Trend (3,10): | 0.078957 | |
| Zig ZAG (10): | 0.083402 | |
| VORTEX (21): | 1.3392 | |
| Stochastique (14,3,5): | 97.22 | |
| TEMA (21): | 0.083175 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.009713 | |
| Repulse (5,40,3): | 3.4247 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3421 | |
| Courbe Coppock: | 18.39 |
| MA7: | 0.074636 | |
| MA20: | 0.058878 | |
| MA50: | 0.040886 | |
| MA100: | 0.034362 | |
| MAexp7: | 0.081721 | |
| MAexp20: | 0.078043 | |
| MAexp50: | 0.076128 | |
| MAexp100: | 0.073858 | |
| Price / MA7: | +13.59% | |
| Price / MA20: | +43.99% | |
| Price / MA50: | +107.35% | |
| Price / MA100: | +146.71% | |
| Price / MAexp7: | +3.74% | |
| Price / MAexp20: | +8.63% | |
| Price / MAexp50: | +11.36% | |
| Price / MAexp100: | +14.78% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
About author
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