BADGER DAO - BADGER/USD - Weekly - Technical analysis published on 11/26/2023 (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
89%
6%
6%
My opinion
Bullish above 2.70 USD
My targets
4.37 USD (+14.10%)
5.28 USD (+37.86%)
My analysis
The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for BADGER DAO - BADGER/USD as long as the price remains well above 2.70 USD. The buyers' bullish objective is set at 4.37 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 5.28 USD. If there is any crossing, the next objective would be the resistance located at 6.81 USD.
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
3.8
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Additional analysis
Quotes
BADGER DAO - BADGER/USD rating 3.83 USD. The price registered an increase of +4.09% over 5 days with the lowest point at 3.23 USD and the highest point at 3.93 USD. The deviation from the price is +18.47% for the low point and -2.54% for the high point.3.23
3.93
3.83
A study of price movements over other periods shows the following variations:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in Weekly of this BADGER DAO - BADGER/USD 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 market scanner currently does not detect any result that concerns moving averages.
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 : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S1
R1
R2
R3
Price
S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|
ProTrendLines | 2.70 | 3.83 | 3.87 | 5.28 | 6.81 |
Change (%) | -29.50% | - | +1.04% | +37.86% | +77.81% |
Change | -1.13 | - | +0.04 | +1.45 | +2.98 |
Level | Major | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 3.50 | 3.54 | 3.64 | 3.68 | 3.78 | 3.82 | 3.92 |
Camarilla | 3.69 | 3.70 | 3.72 | 3.73 | 3.74 | 3.76 | 3.77 |
Woodie | 3.52 | 3.56 | 3.66 | 3.70 | 3.80 | 3.84 | 3.94 |
Fibonacci | 3.54 | 3.60 | 3.63 | 3.68 | 3.74 | 3.77 | 3.82 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 2.57 | 2.89 | 3.31 | 3.63 | 4.05 | 4.37 | 4.79 |
Camarilla | 3.53 | 3.59 | 3.66 | 3.73 | 3.80 | 3.87 | 3.93 |
Woodie | 2.62 | 2.92 | 3.36 | 3.66 | 4.10 | 4.40 | 4.84 |
Fibonacci | 2.89 | 3.17 | 3.35 | 3.63 | 3.91 | 4.09 | 4.37 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
RSI (14): | 66.85 | |
MACD (12,26,9): | 0.2800 | |
Directional Movement: | 36.74 | |
AROON (14): | 57.14 | |
DEMA (21): | 3.04 | |
Parabolic SAR (0,02-0,02-0,2): | 2.58 | |
Elder Ray (13): | 0.84 | |
Super Trend (3,10): | 2.15 | |
Zig ZAG (10): | 3.84 | |
VORTEX (21): | 1.1500 | |
Stochastique (14,3,5): | 48.49 | |
TEMA (21): | 3.51 | |
Williams %R (14): | -48.52 | |
Chande Momentum Oscillator (20): | 1.88 | |
Repulse (5,40,3): | 9.1000 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.2700 | |
Courbe Coppock: | 115.48 |
MA7: | 3.63 | |
MA20: | 3.75 | |
MA50: | 2.89 | |
MA100: | 2.47 | |
MAexp7: | 3.34 | |
MAexp20: | 2.79 | |
MAexp50: | 3.11 | |
MAexp100: | 4.50 | |
Price / MA7: | +5.51% | |
Price / MA20: | +2.13% | |
Price / MA50: | +32.53% | |
Price / MA100: | +55.06% | |
Price / MAexp7: | +14.67% | |
Price / MAexp20: | +37.28% | |
Price / MAexp50: | +23.15% | |
Price / MAexp100: | -14.89% |
Quotes :
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Real time data
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