XDC NETWORK - XDC/USD

- USD (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	XDCUSD
ISIN:

XDC NETWORK - XDC/USD - Daily - Technical analysis published on 07/14/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bullish

Technical indicators

78%

17%

My opinion

Bullish above 0.031921 USD

My targets

0.037020 USD (+8.21%)

0.040333 USD (+17.90%)

My analysis

XINFIN NETWORK - XDC/USD is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 0.031921 USD, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 0.037020 USD. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 0.040333 USD would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 0.045673 USD. Beware of a possible return to under the support located at 0.031921 USD which would be the sign of a correction of the bullish excesses registered in the short term.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

4.8

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

Additional analysis

Quotes

XINFIN NETWORK - XDC/USD rating 0.034210 USD. The price is lower by -0.15% since the last closing and was traded between 0.033240 USD and 0.034950 USD over the period. The price is currently at +2.92% from its lowest and -2.12% from its highest.

0.033240

0.034950

0.034210

Here is a more detailed summary of the historical variations registered by XINFIN NETWORK - XDC/USD:

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

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this XINFIN NETWORK - XDC/USD chart shows a slightly bullish trend. 57.14% of the signals given by moving averages are bullish. This slightly bullish trend could be reinforced by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : Daily

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : Daily

An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

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 detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

MACD indicator is back over 0

Type : Bullish

Timeframe : Daily

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:

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.027664	0.029840	0.031921	0.034210	0.037020	0.040333	0.045673
Change (%)	-19.13%	-12.77%	-6.69%	-	+8.21%	+17.90%	+33.51%
Change	-0.006546	-0.004370	-0.002289	-	+0.002810	+0.006123	+0.011463
Level	Minor	Major	Minor	-	Minor	Minor	Intermediate

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	0.025453	0.027427	0.030843	0.032817	0.036233	0.038207	0.041623
Camarilla	0.032778	0.033272	0.033766	0.034260	0.034754	0.035248	0.035742
Woodie	0.026175	0.027788	0.031565	0.033178	0.036955	0.038568	0.042345
Fibonacci	0.027427	0.029486	0.030758	0.032817	0.034876	0.036148	0.038207

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.027837	0.029173	0.030557	0.031893	0.033277	0.034613	0.035997
Camarilla	0.031192	0.031441	0.031691	0.031940	0.032189	0.032439	0.032688
Woodie	0.027860	0.029185	0.030580	0.031905	0.033300	0.034625	0.036020
Fibonacci	0.029173	0.030212	0.030854	0.031893	0.032932	0.033574	0.034613

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.014713	0.022197	0.026883	0.034367	0.039053	0.046537	0.051223
Camarilla	0.028223	0.029339	0.030454	0.031570	0.032686	0.033801	0.034917
Woodie	0.013315	0.021498	0.025485	0.033668	0.037655	0.045838	0.049825
Fibonacci	0.022197	0.026846	0.029718	0.034367	0.039016	0.041888	0.046537

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):	59.29
MACD (12,26,9):	0.0000
Directional Movement:	9.172324
AROON (14):	7.142857
DEMA (21):	0.032307
Parabolic SAR (0,02-0,02-0,2):	0.029400
Elder Ray (13):	0.001624
Super Trend (3,10):	0.034924
Zig ZAG (10):	0.034140
VORTEX (21):	1.0064
Stochastique (14,3,5):	77.47
TEMA (21):	0.032685
Williams %R (14):	-14.59
Chande Momentum Oscillator (20):	0.001370
Repulse (5,40,3):	9.3189
ROCnROLL:	1
TRIX (15,9):	-0.1175
Courbe Coppock:	2.94

MA7:	0.032369
MA20:	0.032115
MA50:	0.032903
MA100:	0.035507
MAexp7:	0.032789
MAexp20:	0.032431
MAexp50:	0.033012
MAexp100:	0.033544
Price / MA7:	+5.69%
Price / MA20:	+6.52%
Price / MA50:	+3.97%
Price / MA100:	-3.65%
Price / MAexp7:	+4.33%
Price / MAexp20:	+5.49%
Price / MAexp50:	+3.63%
Price / MAexp100:	+1.99%

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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