BADGER DAO - BADGER/USDT - 1H - Technical analysis published on 11/21/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 3.79 USDT
My targets
3.53 USDT (-2.75%)
3.42 USDT (-5.79%)
My analysis
The short-term decline is currently reinforcing the basic trend, which is only slightly bearish. It would be possible for traders to only trade short positions (for sale) on BADGER DAO - BADGER/USDT as long as the price remains well below 3.79 USDT. The next bearish objective for sellers is set at 3.53 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 3.42 USDT. In case of crossing, the next objective would be the support located at 3.31 USDT.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
4.1
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This analysis was given by SprangsOpportunities. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BADGER DAO - BADGER/USDT rating is 3.63 USDT. On the day, this instrument lost -1.09% with the lowest point at 3.50 USDT and the highest point at 3.95 USDT. The deviation from the price is +3.71% for the low point and -8.10% for the high point.3.50
3.95
3.63
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this BADGER DAO - BADGER/USDT chart shows a slightly bearish trend. 60.71% of the signals given by moving averages are bearish. This slightly bearish trend could be reinforced by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
The probability of a further decline is low given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
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:
Near support of triangle
Type : Bullish
Timeframe : 1 hour
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 | 3.42 | 3.53 | 3.61 | 3.63 | 3.79 | 4.02 | 4.11 |
| Change (%) | -5.79% | -2.75% | -0.55% | - | +4.41% | +10.74% | +13.22% |
| Change | -0.21 | -0.10 | -0.02 | - | +0.16 | +0.39 | +0.48 |
| Level | Minor | Major | Minor | - | Intermediate | Minor | 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 | 3.26 | 3.39 | 3.53 | 3.66 | 3.80 | 3.93 | 4.07 |
| Camarilla | 3.60 | 3.62 | 3.65 | 3.67 | 3.70 | 3.72 | 3.74 |
| Woodie | 3.27 | 3.39 | 3.54 | 3.66 | 3.81 | 3.93 | 4.08 |
| Fibonacci | 3.39 | 3.49 | 3.56 | 3.66 | 3.76 | 3.83 | 3.93 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 45.83 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | -9.24 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 3.68 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.88 | |
| Elder Ray (13): | -0.06 | |
| Super Trend (3,10): | 3.56 | |
| Zig ZAG (10): | 3.63 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 27.18 | |
| TEMA (21): | 3.65 | |
| Williams %R (14): | -51.70 | |
| Chande Momentum Oscillator (20): | -0.12 | |
| Repulse (5,40,3): | 1.8600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 3.63 |
| MA7: | 3.68 | |
| MA20: | 3.50 | |
| MA50: | 2.73 | |
| MA100: | 2.40 | |
| MAexp7: | 3.66 | |
| MAexp20: | 3.68 | |
| MAexp50: | 3.65 | |
| MAexp100: | 3.65 | |
| Price / MA7: | -1.36% | |
| Price / MA20: | +3.71% | |
| Price / MA50: | +32.97% | |
| Price / MA100: | +51.25% | |
| Price / MAexp7: | -0.82% | |
| Price / MAexp20: | -1.36% | |
| Price / MAexp50: | -0.55% | |
| Price / MAexp100: | -0.55% |
Quotes :
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Real time data
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Cryptocompare
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