Londinia Opportunities Analyses - 05/04/2024 (GMT) XDC NETWORK - XDC/USDT - 1H

XDC NETWORK - XDC/USDT
- USDT (-)
- Real time data - Cryptocompare
Type: Cryptocurrencies
Ticker: XDCUSDT
ISIN:

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
  • Cryptocurrencies
  • Timeframe : 1H
  • - Analysis generated on
  • Status : INVALID

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 0.036449 USDT
My targets
0.037413 USDT (+1.96%)
0.038817 USDT (+5.79%)
My analysis
The bullish trend is currently very strong on XDC NETWORK - XDC/USDT. As long as the price remains above the support at 0.036449 USDT, you could try to benefit from the boom. The first bullish objective is located at 0.037413 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.038817 USDT as an objective. Crossing it would then enable buyers to target 0.039985 USDT. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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
7.9

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Additional analysis

Quotes

The XDC NETWORK - XDC/USDT rating is 0.036694 USDT. The price has increased by +1.20% since the last closing with the lowest point at 0.035931 USDT and the highest point at 0.037701 USDT. The deviation from the price is +2.12% for the low point and -2.67% for the high point.

0.035931
0.037701
0.036694

Here is a more detailed summary of the historical variations registered by XDC NETWORK - XDC/USDT:

Technical


A technical analysis in 1H of this XDC NETWORK - XDC/USDT chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The technical indicators are bullish. There is still some doubt about the price increase.
The Central Indicators scanner found no further results concerning independent technical indicators.

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.034261 0.035469 0.036449 0.036694 0.038817 0.039985 0.041012
Change (%) -6.63% -3.34% -0.67% - +5.79% +8.97% +11.77%
Change -0.002433 -0.001225 -0.000245 - +0.002123 +0.003291 +0.004318
Level Minor Major Intermediate - Minor Major Intermediate



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0340930.0345530.0354060.0358660.0367190.0371790.038032
Camarilla0.0358990.0360190.0361400.0362600.0363800.0365010.036621
Woodie0.0342910.0346510.0356040.0359640.0369170.0372770.038230
Fibonacci0.0345530.0350540.0353640.0358660.0363670.0366770.037179


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0192460.0257590.0309000.0374130.0425540.0490670.054208
Camarilla0.0328370.0339050.0349740.0360420.0371100.0381790.039247
Woodie0.0185610.0254160.0302150.0370700.0418690.0487240.053523
Fibonacci0.0257590.0302110.0329610.0374130.0418650.0446150.049067


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0098460.0210590.0280070.0392200.0461680.0573810.064329
Camarilla0.0299620.0316270.0332910.0349560.0366210.0382860.039950
Woodie0.0077150.0199930.0258760.0381540.0440370.0563150.062198
Fibonacci0.0210590.0279960.0322820.0392200.0461570.0504430.057381

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): 61.12
MACD (12,26,9): 0.0002
Directional Movement: 23.975802
AROON (14): 50.000000
DEMA (21): 0.036658
Parabolic SAR (0,02-0,02-0,2): 0.036472
Elder Ray (13): 0.000135
Super Trend (3,10): 0.035802
Zig ZAG (10): 0.036623
VORTEX (21): 1.0798
Stochastique (14,3,5): 37.46
TEMA (21): 0.036668
Williams %R (14): -62.03
Chande Momentum Oscillator (20): 0.000482
Repulse (5,40,3): 0.0877
ROCnROLL: 1
TRIX (15,9): 0.0831
Courbe Coppock: 2.63
MA7: 0.035396
MA20: 0.037375
MA50: 0.042265
MA100: 0.043246
MAexp7: 0.036569
MAexp20: 0.036353
MAexp50: 0.035988
MAexp100: 0.035762
Price / MA7: +3.67%
Price / MA20: -1.82%
Price / MA50: -13.18%
Price / MA100: -15.15%
Price / MAexp7: +0.34%
Price / MAexp20: +0.94%
Price / MAexp50: +1.96%
Price / MAexp100: +2.61%

Quotes : - Real time data - Cryptocompare