BADGER DAO - BADGER/USD - 1H - Technical analysis published on 10/20/2023 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 2.25 USD
My targets
2.37 USD (+3.82%)
2.45 USD (+7.46%)
My analysis
BADGER DAO - BADGER/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 2.25 USD. The next resistance located at 2.37 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 2.45 USD. After this resistance, buyers could then target 2.71 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4
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
The BADGER DAO - BADGER/USD price is 2.28 USD. On the day, this instrument gained +10.68% with the lowest point at 2.06 USD and the highest point at 2.31 USD. The deviation from the price is +10.68% for the low point and -1.30% for the high point.2.06
2.31
2.28
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of BADGER DAO - BADGER/USD in 1H shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : AMA50 & AMA100
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 80
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
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Long white line
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.15 | 2.20 | 2.25 | 2.28 | 2.71 | 2.92 | 3.26 |
| Change (%) | -5.70% | -3.51% | -1.32% | - | +18.86% | +28.07% | +42.98% |
| Change | -0.13 | -0.08 | -0.03 | - | +0.43 | +0.64 | +0.98 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.01 | 2.03 | 2.05 | 2.07 | 2.09 | 2.11 | 2.13 |
| Camarilla | 2.05 | 2.05 | 2.06 | 2.06 | 2.06 | 2.07 | 2.07 |
| Woodie | 2.00 | 2.03 | 2.04 | 2.07 | 2.08 | 2.11 | 2.12 |
| Fibonacci | 2.03 | 2.05 | 2.06 | 2.07 | 2.09 | 2.10 | 2.11 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.68 | 1.80 | 1.91 | 2.03 | 2.14 | 2.26 | 2.37 |
| Camarilla | 1.95 | 1.97 | 1.99 | 2.01 | 2.03 | 2.05 | 2.07 |
| Woodie | 1.67 | 1.80 | 1.90 | 2.03 | 2.13 | 2.26 | 2.36 |
| Fibonacci | 1.80 | 1.89 | 1.95 | 2.03 | 2.12 | 2.18 | 2.26 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.39 | 1.63 | 1.92 | 2.16 | 2.45 | 2.69 | 2.98 |
| Camarilla | 2.06 | 2.11 | 2.16 | 2.21 | 2.26 | 2.31 | 2.36 |
| Woodie | 1.42 | 1.64 | 1.95 | 2.17 | 2.48 | 2.70 | 3.01 |
| Fibonacci | 1.63 | 1.83 | 1.96 | 2.16 | 2.36 | 2.49 | 2.69 |
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): | 80.20 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | 45.12 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 2.16 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.12 | |
| Elder Ray (13): | 0.08 | |
| Super Trend (3,10): | 2.13 | |
| Zig ZAG (10): | 2.27 | |
| VORTEX (21): | 1.1900 | |
| Stochastique (14,3,5): | 86.62 | |
| TEMA (21): | 2.19 | |
| Williams %R (14): | -2.18 | |
| Chande Momentum Oscillator (20): | 0.21 | |
| Repulse (5,40,3): | 5.6400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0900 | |
| Courbe Coppock: | 9.18 |
| MA7: | 2.12 | |
| MA20: | 2.11 | |
| MA50: | 2.07 | |
| MA100: | 2.10 | |
| MAexp7: | 2.18 | |
| MAexp20: | 2.13 | |
| MAexp50: | 2.11 | |
| MAexp100: | 2.10 | |
| Price / MA7: | +7.55% | |
| Price / MA20: | +8.06% | |
| Price / MA50: | +10.14% | |
| Price / MA100: | +8.57% | |
| Price / MAexp7: | +4.59% | |
| Price / MAexp20: | +7.04% | |
| Price / MAexp50: | +8.06% | |
| Price / MAexp100: | +8.57% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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