BADGER DAO - BADGER/USD

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Type:	Cryptocurrencies
Ticker:	BADGERUSD
ISIN:

BADGER DAO - BADGER/USD - Daily - Technical analysis published on 12/05/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

94%

My opinion

Bullish above 3.88 USD

My targets

5.38 USD (+0.43%)

5.55 USD (+3.54%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on BADGER DAO - BADGER/USD as long as the price remains well above 3.88 USD. The buyers' bullish objective is set at 5.38 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 5.55 USD. If there is any crossing, the next objective would be the resistance located at 6.81 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

9.1

Comment on the analysis

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 SprangsOpportunities. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The BADGER DAO - BADGER/USD rating is 5.36 USD. The price registered an increase of +10.29% on the session and was between 4.38 USD and 5.67 USD. This implies that the price is at +22.37% from its lowest and at -5.47% from its highest.

4.38

5.67

5.36

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by BADGER DAO - BADGER/USD:

The study of the highest / lowest by the Central Records scanner shows the following results:

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

Technical analysis of BADGER DAO - BADGER/USD in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

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

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	3.23	3.87	5.28	5.36	6.81	12.64
Change (%)	-39.74%	-27.80%	-1.49%	-	+27.05%	+135.82%
Change	-2.13	-1.49	-0.08	-	+1.45	+7.28
Level	Minor	Major	Major	-	Minor	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3.05	3.55	4.20	4.70	5.35	5.85	6.50
Camarilla	4.54	4.65	4.76	4.86	4.97	5.07	5.18
Woodie	3.14	3.59	4.29	4.74	5.44	5.89	6.59
Fibonacci	3.55	3.99	4.26	4.70	5.14	5.41	5.85

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.61	2.99	3.59	3.97	4.57	4.95	5.55
Camarilla	3.92	4.01	4.10	4.19	4.28	4.37	4.46
Woodie	2.72	3.05	3.70	4.03	4.68	5.01	5.66
Fibonacci	2.99	3.36	3.60	3.97	4.34	4.58	4.95

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-1.30	0.54	2.04	3.88	5.38	7.22	8.72
Camarilla	2.63	2.94	3.24	3.55	3.86	4.16	4.47
Woodie	-1.46	0.46	1.88	3.80	5.22	7.14	8.56
Fibonacci	0.54	1.81	2.60	3.88	5.15	5.94	7.22

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):	74.38
MACD (12,26,9):	0.3600
Directional Movement:	34.86
AROON (14):	100.00
DEMA (21):	4.35
Parabolic SAR (0,02-0,02-0,2):	3.39
Elder Ray (13):	0.92
Super Trend (3,10):	3.42
Zig ZAG (10):	5.30
VORTEX (21):	1.1000
Stochastique (14,3,5):	82.57
TEMA (21):	4.46
Williams %R (14):	-15.94
Chande Momentum Oscillator (20):	1.53
Repulse (5,40,3):	26.5900
ROCnROLL:	1
TRIX (15,9):	0.9500
Courbe Coppock:	39.65

MA7:	4.20
MA20:	3.81
MA50:	3.24
MA100:	2.65
MAexp7:	4.42
MAexp20:	3.92
MAexp50:	3.39
MAexp100:	2.95
Price / MA7:	+27.62%
Price / MA20:	+40.68%
Price / MA50:	+65.43%
Price / MA100:	+102.26%
Price / MAexp7:	+21.27%
Price / MAexp20:	+36.73%
Price / MAexp50:	+58.11%
Price / MAexp100:	+81.69%

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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