BADGER DAO - BADGER/USD

- USD (-)

- Real time data - CoinMarketCap

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Change:	-
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High / Low range:	-

Type:	Cryptocurrencies
Ticker:	BADGERUSD
ISIN:

BADGER DAO - BADGER/USD - Weekly - Technical analysis published on 12/05/2023 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bullish

Technical indicators

94%

My opinion

Bullish above 3.87 USD

My targets

6.81 USD (+28.49%)

8.72 USD (+64.58%)

My analysis

BADGER DAO - BADGER/USD is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 3.87 USD, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 6.81 USD. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 8.72 USD would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 12.64 USD. Beware of a possible return to under the support located at 3.87 USD which would be the sign of a correction of the bullish excesses registered in the short term.

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

5.9

Comment on the analysis

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 SprangsOpportunities. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

BADGER DAO - BADGER/USD rating 5.30 USD. The price registered an increase of +46.31% over 5 days and has been traded over the last 5 days between 3.54 USD and 5.67 USD. This implies that the 5 day price is +49.69% from its lowest point and -6.53% from its highest point.

3.54

5.67

5.30

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

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:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Abnormal volumes on BADGER DAO - BADGER/USD were detected by the Central Volumes scanner:

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/USD chart shows a slightly bullish trend. 60.71% of the signals given by moving averages are bullish. This slightly bullish trend could be reinforced by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Weekly

In fact, 17 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Weekly

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near horizontal resistance

Type : Bearish

Timeframe : Weekly

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Long white line

Type : Bullish

Timeframe : Weekly

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	2.69	3.87	5.28	5.30	6.81	12.64
Change (%)	-49.25%	-26.98%	-0.38%	-	+28.49%	+138.49%
Change	-2.61	-1.43	-0.02	-	+1.51	+7.34
Level	Major	Major	Major	-	Minor	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3.05	3.55	4.20	4.70	5.35	5.85	6.50
Camarilla	4.54	4.65	4.76	4.86	4.97	5.07	5.18
Woodie	3.14	3.59	4.29	4.74	5.44	5.89	6.59
Fibonacci	3.55	3.99	4.26	4.70	5.14	5.41	5.85

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.61	2.99	3.59	3.97	4.57	4.95	5.55
Camarilla	3.92	4.01	4.10	4.19	4.28	4.37	4.46
Woodie	2.72	3.05	3.70	4.03	4.68	5.01	5.66
Fibonacci	2.99	3.36	3.60	3.97	4.34	4.58	4.95

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-1.30	0.54	2.04	3.88	5.38	7.22	8.72
Camarilla	2.63	2.94	3.24	3.55	3.86	4.16	4.47
Woodie	-1.46	0.46	1.88	3.80	5.22	7.14	8.56
Fibonacci	0.54	1.81	2.60	3.88	5.15	5.94	7.22

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):	76.62
MACD (12,26,9):	0.4500
Directional Movement:	44.69
AROON (14):	57.14
DEMA (21):	3.48
Parabolic SAR (0,02-0,02-0,2):	2.76
Elder Ray (13):	1.49
Super Trend (3,10):	2.36
Zig ZAG (10):	5.25
VORTEX (21):	1.1400
Stochastique (14,3,5):	64.64
TEMA (21):	4.09
Williams %R (14):	-11.61
Chande Momentum Oscillator (20):	3.18
Repulse (5,40,3):	39.1700
ROCnROLL:	1
TRIX (15,9):	0.7400
Courbe Coppock:	164.82

MA7:	4.19
MA20:	3.80
MA50:	3.24
MA100:	2.65
MAexp7:	3.87
MAexp20:	3.04
MAexp50:	3.20
MAexp100:	4.52
Price / MA7:	+26.49%
Price / MA20:	+39.47%
Price / MA50:	+63.58%
Price / MA100:	+100.00%
Price / MAexp7:	+36.95%
Price / MAexp20:	+74.34%
Price / MAexp50:	+65.63%
Price / MAexp100:	+17.26%

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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