BADGER DAO - BADGER/USD - Weekly - Technical analysis published on 12/22/2023 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
78%
0%
22%
My opinion
Bullish above 3.88 USD
My targets
4.33 USD (+8.60%)
5.21 USD (+30.58%)
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 3.88 USD. The buyers' bullish objective is set at 4.33 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 5.21 USD. If there is any crossing, the next objective would be the resistance located at 6.81 USD.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
3.9
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Additional analysis
Quotes
The BADGER DAO - BADGER/USD rating is 3.99 USD. The price registered an increase of +6.11% over 5 days and was traded between 3.37 USD and 4.23 USD over the period. The price is currently at +18.38% from its lowest point and -5.67% from its highest point.3.37
4.23
3.99
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
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:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this Weekly chart of BADGER DAO - BADGER/USD indicates that the overall trend is not clearly defined. The strong bullish signals currently being given by short-term moving averages could allow the overall trend to return to bullish. An assessment of moving averages reveals a bullish signal that could impact this trend:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : Weekly
In fact, 14 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back over the pivot point
Type : Bullish
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.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 2.69 | 3.87 | 3.99 | 5.21 | 6.81 | 12.64 |
| Change (%) | -32.58% | -3.01% | - | +30.58% | +70.68% | +216.79% |
| Change | -1.30 | -0.12 | - | +1.22 | +2.82 | +8.65 |
| Level | Major | Major | - | Major | Minor | Intermediate |
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 | 3.45 | 3.65 | 3.85 | 4.05 | 4.25 | 4.45 | 4.65 |
| Camarilla | 3.93 | 3.97 | 4.00 | 4.04 | 4.08 | 4.11 | 4.15 |
| Woodie | 3.44 | 3.65 | 3.84 | 4.05 | 4.24 | 4.45 | 4.64 |
| Fibonacci | 3.65 | 3.81 | 3.90 | 4.05 | 4.21 | 4.30 | 4.45 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.21 | 2.79 | 3.27 | 3.85 | 4.33 | 4.91 | 5.39 |
| Camarilla | 3.47 | 3.57 | 3.66 | 3.76 | 3.86 | 3.95 | 4.05 |
| Woodie | 2.17 | 2.77 | 3.23 | 3.83 | 4.29 | 4.89 | 5.35 |
| Fibonacci | 2.79 | 3.19 | 3.44 | 3.85 | 4.25 | 4.50 | 4.91 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -1.28 | 0.55 | 2.05 | 3.88 | 5.38 | 7.21 | 8.71 |
| Camarilla | 2.63 | 2.94 | 3.25 | 3.55 | 3.86 | 4.16 | 4.47 |
| Woodie | -1.45 | 0.47 | 1.89 | 3.80 | 5.22 | 7.13 | 8.55 |
| Fibonacci | 0.55 | 1.82 | 2.61 | 3.88 | 5.15 | 5.94 | 7.21 |
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): | 63.20 | |
| MACD (12,26,9): | 0.4200 | |
| Directional Movement: | 31.27 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 3.56 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.11 | |
| Elder Ray (13): | 0.44 | |
| Super Trend (3,10): | 2.41 | |
| Zig ZAG (10): | 3.99 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 56.10 | |
| TEMA (21): | 4.07 | |
| Williams %R (14): | -45.50 | |
| Chande Momentum Oscillator (20): | 1.63 | |
| Repulse (5,40,3): | 0.2500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 1.2800 | |
| Courbe Coppock: | 167.31 |
| MA7: | 3.89 | |
| MA20: | 4.16 | |
| MA50: | 3.82 | |
| MA100: | 3.00 | |
| MAexp7: | 3.75 | |
| MAexp20: | 3.13 | |
| MAexp50: | 3.22 | |
| MAexp100: | 4.48 | |
| Price / MA7: | +2.57% | |
| Price / MA20: | -4.09% | |
| Price / MA50: | +4.45% | |
| Price / MA100: | +33.00% | |
| Price / MAexp7: | +6.40% | |
| Price / MAexp20: | +27.48% | |
| Price / MAexp50: | +23.91% | |
| Price / MAexp100: | -10.94% |
Quotes :
-
Real time data
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