VERGE - XVG/USD - Daily - Technical analysis published on 06/18/2019 (GMT)
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- Timeframe : Daily
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VERGE - XVG/USD Chart
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Slightly bullish
Technical indicators
39%
22%
39%
My opinion
Neutral between 0.008261 USD and 0.009307 USD
My targets
-
My analysis
The short-term decline on Verge - XVG/USD remains moderate but it could call into question the slightly bullish basic trend. It is difficult to advise a trading direction under these conditions. The first support is located at 0.008261 USD. The first resistance is located at 0.009307 USD. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.
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 Vincent Launay.
Additional analysis
Quotes
The Verge - XVG/USD price is 0.009080 USD. On the day, this instrument lost -2.73% with the lowest point at 0.008895 USD and the highest point at 0.009348 USD. The deviation from the price is +2.08% for the low point and -2.87% for the high point.0.008895
0.009348
0.009080
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in Daily of this Verge - XVG/USD chart shows a slightly bullish trend. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend could turn neutral or reverse given the slightly bearish signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.006539 | 0.007495 | 0.008261 | 0.009080 | 0.009307 | 0.010229 | 0.010843 |
| Change (%) | -27.98% | -17.46% | -9.02% | - | +2.50% | +12.65% | +19.42% |
| Change | -0.002541 | -0.001585 | -0.000819 | - | +0.000227 | +0.001149 | +0.001763 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Minor | Major |
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 | 0.008703 | 0.008928 | 0.009132 | 0.009357 | 0.009561 | 0.009786 | 0.009990 |
| Camarilla | 0.009217 | 0.009256 | 0.009296 | 0.009335 | 0.009374 | 0.009414 | 0.009453 |
| Woodie | 0.008691 | 0.008923 | 0.009120 | 0.009352 | 0.009550 | 0.009781 | 0.009979 |
| Fibonacci | 0.008928 | 0.009092 | 0.009193 | 0.009357 | 0.009521 | 0.009622 | 0.009786 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.007384 | 0.007863 | 0.008538 | 0.009017 | 0.009692 | 0.010171 | 0.010846 |
| Camarilla | 0.008897 | 0.009002 | 0.009108 | 0.009214 | 0.009320 | 0.009426 | 0.009531 |
| Woodie | 0.007483 | 0.007912 | 0.008637 | 0.009066 | 0.009791 | 0.010220 | 0.010945 |
| Fibonacci | 0.007863 | 0.008303 | 0.008576 | 0.009017 | 0.009457 | 0.009730 | 0.010171 |
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): | 47.74 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -2.122104 | |
| AROON (14): | 92.857140 | |
| DEMA (21): | 0.009200 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.008538 | |
| Elder Ray (13): | -0.000040 | |
| Super Trend (3,10): | 0.007871 | |
| Zig ZAG (10): | 0.009080 | |
| VORTEX (21): | 0.9036 | |
| Stochastique (14,3,5): | 63.63 | |
| TEMA (21): | 0.008950 | |
| Williams %R (14): | -40.50 | |
| Chande Momentum Oscillator (20): | 0.000034 | |
| Repulse (5,40,3): | -1.8202 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1194 | |
| Courbe Coppock: | 5.90 |
| MA7: | 0.009172 | |
| MA20: | 0.009228 | |
| MA50: | 0.009042 | |
| MA100: | 0.008443 | |
| MAexp7: | 0.009159 | |
| MAexp20: | 0.009274 | |
| MAexp50: | 0.009093 | |
| MAexp100: | 0.008647 | |
| Price / MA7: | -1.00% | |
| Price / MA20: | -1.60% | |
| Price / MA50: | +0.42% | |
| Price / MA100: | +7.54% | |
| Price / MAexp7: | -0.86% | |
| Price / MAexp20: | -2.09% | |
| Price / MAexp50: | -0.14% | |
| Price / MAexp100: | +5.01% |
This member declared not having a position on this financial instrument or a related financial instrument.
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