BADGER DAO - BADGER/USDT - Weekly - Technical analysis published on 11/20/2023 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
72%
11%
17%
My opinion
Bullish above 2.76 USDT
My targets
3.66 USDT (+2.61%)
4.93 USDT (+38.18%)
My analysis
The strong short-term increase of BADGER DAO - BADGER/USDT should quickly allow the basic trend to become bullish. As long as the price remains above the support located at 2.76 USDT, a purchase could be considered. The first bullish objective is located at 3.66 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers could then target the resistance located at 4.93 USDT. If there is any crossing, the next objective would be the resistance at 6.62 USDT. Caution, if there is a return under 2.76 USDT, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
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
0
10
3
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Additional analysis
Quotes
The BADGER DAO - BADGER/USDT rating is 3.57 USDT. The price is lower by -1.21% over the 5 days and has been traded over the last 5 days between 3.51 USDT and 4.29 USDT. This implies that the 5 day price is +1.75% from its lowest point and -16.79% from its highest point.3.51
4.29
3.57
Here is a more detailed summary of the historical variations registered by BADGER DAO - BADGER/USDT:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in Weekly of this BADGER DAO - BADGER/USDT chart shows a neutral trend. The trend could quickly turn bullish due to the strong bullish 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.
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Weekly
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
S1
R1
R2
R3
Price
S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|
ProTrendLines | 2.76 | 3.57 | 6.62 | 14.97 | 39.11 |
Change (%) | -22.69% | - | +85.43% | +319.33% | +995.52% |
Change | -0.81 | - | +3.05 | +11.40 | +35.54 |
Level | Major | - | Minor | 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 | 3.13 | 3.24 | 3.43 | 3.54 | 3.73 | 3.84 | 4.03 |
Camarilla | 3.54 | 3.57 | 3.59 | 3.62 | 3.65 | 3.68 | 3.70 |
Woodie | 3.17 | 3.26 | 3.47 | 3.56 | 3.77 | 3.86 | 4.07 |
Fibonacci | 3.24 | 3.36 | 3.43 | 3.54 | 3.66 | 3.73 | 3.84 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.84 | 2.57 | 3.02 | 3.75 | 4.20 | 4.93 | 5.38 |
Camarilla | 3.14 | 3.24 | 3.35 | 3.46 | 3.57 | 3.68 | 3.79 |
Woodie | 1.69 | 2.50 | 2.87 | 3.68 | 4.05 | 4.86 | 5.23 |
Fibonacci | 2.57 | 3.02 | 3.30 | 3.75 | 4.20 | 4.48 | 4.93 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.14 | 1.54 | 1.98 | 2.38 | 2.82 | 3.22 | 3.66 |
Camarilla | 2.20 | 2.28 | 2.35 | 2.43 | 2.51 | 2.58 | 2.66 |
Woodie | 1.17 | 1.55 | 2.01 | 2.39 | 2.85 | 3.23 | 3.69 |
Fibonacci | 1.54 | 1.86 | 2.06 | 2.38 | 2.70 | 2.90 | 3.22 |
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): | 63.79 | |
MACD (12,26,9): | 0.2000 | |
Directional Movement: | 41.46 | |
AROON (14): | 57.14 | |
DEMA (21): | 2.80 | |
Parabolic SAR (0,02-0,02-0,2): | 2.37 | |
Elder Ray (13): | 0.71 | |
Super Trend (3,10): | 2.16 | |
Zig ZAG (10): | 3.58 | |
VORTEX (21): | 1.1300 | |
Stochastique (14,3,5): | 48.00 | |
TEMA (21): | 3.24 | |
Williams %R (14): | -55.54 | |
Chande Momentum Oscillator (20): | 1.56 | |
Repulse (5,40,3): | -0.0800 | |
ROCnROLL: | -1 | |
TRIX (15,9): | -0.1100 | |
Courbe Coppock: | 88.42 |
MA7: | 3.66 | |
MA20: | 3.44 | |
MA50: | 2.70 | |
MA100: | 2.39 | |
MAexp7: | 3.10 | |
MAexp20: | 2.65 | |
MAexp50: | 3.31 | |
MAexp100: | 6.58 | |
Price / MA7: | -2.46% | |
Price / MA20: | +3.78% | |
Price / MA50: | +32.22% | |
Price / MA100: | +49.37% | |
Price / MAexp7: | +15.16% | |
Price / MAexp20: | +34.72% | |
Price / MAexp50: | +7.85% | |
Price / MAexp100: | -45.74% |
Quotes :
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Real time data
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