XDC NETWORK - XDC/USD
XDC NETWORK - XDC/USD
- USD (-)
- Real time data - CoinMarketCap
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Type: Cryptocurrencies
Ticker: XDCUSD
ISIN:

XDC NETWORK - XDC/USD - 1H - Technical analysis published on 05/05/2024 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Bullish
Underlying: Strongly bullish
Technical indicators
44%
28%
28%
My opinion
Bullish above 0.035764 USD
My targets
0.037553 USD (+2.95%)
0.038852 USD (+6.51%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on XDC NETWORK - XDC/USD as long as the price remains well above 0.035764 USD. The buyers' bullish objective is set at 0.037553 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.038852 USD. If there is any crossing, the next objective would be the resistance located at 0.039479 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 overbought items that could be a sign of a possible short-term correction.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
5.2

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:
15 min. Daily Weekly

Additional analysis

Quotes

The XDC NETWORK - XDC/USD rating is 0.036477 USD. The price registered a decrease of -0.08% on the session and was traded between 0.036248 USD and 0.036573 USD over the period. The price is currently at +0.63% from its lowest and -0.26% from its highest.

0.036248
0.036573
0.036477

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



The Central Volumes scanner notes the presence of abnormal volumes:

Central 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. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. An assessment of moving averages reveals several bearish and bullish signals:

Central Indicators

Moving Average bearish crossovers : AMA20 & AMA50

Type : Bearish

Timeframe : 1 hour


Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour



In fact, of the 18 technical indicators analysed by Central Analyzer, 8 are bullish, 5 are neutral and 5 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour



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

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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.035133 0.035764 0.036340 0.036477 0.038852 0.039479 0.040672
Change (%) -3.68% -1.95% -0.38% - +6.51% +8.23% +11.50%
Change -0.001344 -0.000713 -0.000137 - +0.002375 +0.003002 +0.004195
Level Major Minor Intermediate - Intermediate Intermediate 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
Standard0.0353590.0357300.0361180.0364890.0368770.0372480.037636
Camarilla0.0362970.0363670.0364360.0365060.0365760.0366450.036715
Woodie0.0353680.0357340.0361270.0364930.0368860.0372520.037645
Fibonacci0.0357300.0360200.0361990.0364890.0367790.0369580.037248


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0319810.0330270.0347670.0358130.0375530.0385990.040339
Camarilla0.0357400.0359950.0362510.0365060.0367610.0370170.037272
Woodie0.0323270.0332010.0351130.0359870.0378990.0387730.040685
Fibonacci0.0330270.0340920.0347490.0358130.0368780.0375350.038599


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0126850.0232470.0290340.0395960.0453830.0559450.061732
Camarilla0.0303240.0318230.0333210.0348200.0363190.0378170.039316
Woodie0.0102970.0220530.0266460.0384020.0429950.0547510.059344
Fibonacci0.0232470.0294930.0333510.0395960.0458420.0497000.055945

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): 42.97
MACD (12,26,9): 0.0000
Directional Movement: 1.245748
AROON (14): -42.857143
DEMA (21): 0.036359
Parabolic SAR (0,02-0,02-0,2): 0.036779
Elder Ray (13): -0.000067
Super Trend (3,10): 0.036474
Zig ZAG (10): 0.036249
VORTEX (21): 0.7186
Stochastique (14,3,5): 22.22
TEMA (21): 0.036283
Williams %R (14): -33.95
Chande Momentum Oscillator (20): -0.000082
Repulse (5,40,3): 0.5695
ROCnROLL: 1
TRIX (15,9): 0.0186
Courbe Coppock: 1.37
MA7: 0.035505
MA20: 0.037242
MA50: 0.042051
MA100: 0.043136
MAexp7: 0.036289
MAexp20: 0.036337
MAexp50: 0.036143
MAexp100: 0.035911
Price / MA7: +2.74%
Price / MA20: -2.05%
Price / MA50: -13.26%
Price / MA100: -15.44%
Price / MAexp7: +0.52%
Price / MAexp20: +0.39%
Price / MAexp50: +0.92%
Price / MAexp100: +1.58%

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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