BADGER DAO - BADGER/USD - 1H - Technical analysis published on 04/02/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
39%
22%
39%
My opinion
Bearish under 6.81 USD
My targets
6.16 USD (-6.81%)
5.53 USD (-16.29%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on BADGER DAO - BADGER/USD as long as the price remains well below 6.81 USD. The next bearish objective for sellers is set at 6.16 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 5.53 USD. If there is any crossing, the next objective would be the support located at 5.39 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
4.8
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:
Additional analysis
Quotes
The BADGER DAO - BADGER/USD price is 6.61 USD. On the day, this instrument lost -2.94% and was between 6.25 USD and 6.82 USD. This implies that the price is at +5.76% from its lowest and at -3.08% from its highest.6.25
6.82
6.61
Here is a more detailed summary of the historical variations registered by BADGER DAO - BADGER/USD:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of BADGER DAO - BADGER/USD indicates that the overall trend is strongly bearish. The signals given by moving averages are 89.29% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 7 are bullish, 7 are neutral and 4 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.96 | 5.39 | 6.16 | 6.61 | 6.81 | 7.30 | 8.14 |
| Change (%) | -55.22% | -18.46% | -6.81% | - | +3.03% | +10.44% | +23.15% |
| Change | -3.65 | -1.22 | -0.45 | - | +0.20 | +0.69 | +1.53 |
| Level | Intermediate | Major | Major | - | Intermediate | Major | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.39 | 5.80 | 6.31 | 6.72 | 7.23 | 7.64 | 8.15 |
| Camarilla | 6.56 | 6.64 | 6.73 | 6.81 | 6.89 | 6.98 | 7.06 |
| Woodie | 5.43 | 5.83 | 6.35 | 6.75 | 7.27 | 7.67 | 8.19 |
| Fibonacci | 5.80 | 6.16 | 6.37 | 6.72 | 7.08 | 7.29 | 7.64 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.73 | 4.25 | 5.53 | 8.05 | 9.33 | 11.85 | 13.13 |
| Camarilla | 5.78 | 6.12 | 6.47 | 6.82 | 7.17 | 7.52 | 7.87 |
| Woodie | 1.12 | 3.94 | 4.92 | 7.74 | 8.72 | 11.54 | 12.52 |
| Fibonacci | 4.25 | 5.70 | 6.60 | 8.05 | 9.50 | 10.40 | 11.85 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -2.35 | 0.91 | 4.03 | 7.29 | 10.41 | 13.67 | 16.79 |
| Camarilla | 5.39 | 5.97 | 6.56 | 7.14 | 7.73 | 8.31 | 8.90 |
| Woodie | -2.43 | 0.88 | 3.95 | 7.26 | 10.33 | 13.64 | 16.71 |
| Fibonacci | 0.91 | 3.35 | 4.86 | 7.29 | 9.73 | 11.24 | 13.67 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 45.39 | |
| MACD (12,26,9): | -0.0400 | |
| Directional Movement: | -11.91 | |
| AROON (14): | -21.42 | |
| DEMA (21): | 6.60 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.30 | |
| Elder Ray (13): | 0.03 | |
| Super Trend (3,10): | 6.92 | |
| Zig ZAG (10): | 6.59 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 66.62 | |
| TEMA (21): | 6.61 | |
| Williams %R (14): | -43.42 | |
| Chande Momentum Oscillator (20): | -0.22 | |
| Repulse (5,40,3): | -1.4600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1000 | |
| Courbe Coppock: | 0.80 |
| MA7: | 7.04 | |
| MA20: | 6.46 | |
| MA50: | 5.51 | |
| MA100: | 4.52 | |
| MAexp7: | 6.63 | |
| MAexp20: | 6.65 | |
| MAexp50: | 6.75 | |
| MAexp100: | 6.92 | |
| Price / MA7: | -6.11% | |
| Price / MA20: | +2.32% | |
| Price / MA50: | +19.96% | |
| Price / MA100: | +46.24% | |
| Price / MAexp7: | -0.30% | |
| Price / MAexp20: | -0.60% | |
| Price / MAexp50: | -2.07% | |
| Price / MAexp100: | -4.48% |
Quotes :
-
Real time data
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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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