DAI - DAI/USD - 1H - Technical analysis published on 04/15/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 0.999646 USD
My targets
0.996400 USD (-0.27%)
0.970900 USD (-2.83%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on DAI - DAI/USD as long as the price remains well below 0.999646 USD. The sellers' bearish objective is set at 0.996400 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.970900 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.1
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 DAI - DAI/USD price is 0.999140 USD. The price is lower by -0.08% since the last closing with the lowest point at 0.998712 USD and the highest point at 1.000003 USD. The deviation from the price is +0.04% for the low point and -0.09% for the high point.0.998712
1.000003
0.999140
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of DAI - DAI/USD indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, only 9 technical indicators out of 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
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:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.993307 | 0.996400 | 0.998908 | 0.999140 | 0.999293 | 0.999646 | 0.999993 |
| Change (%) | -0.58% | -0.27% | -0.02% | - | +0.02% | +0.05% | +0.09% |
| Change | -0.005833 | -0.002740 | -0.000232 | - | +0.000153 | +0.000506 | +0.000853 |
| Level | Major | Minor | Minor | - | Minor | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.994275 | 0.996607 | 0.998254 | 1.000586 | 1.002233 | 1.004565 | 1.006212 |
| Camarilla | 0.998806 | 0.999171 | 0.999535 | 0.999900 | 1.000265 | 1.000630 | 1.000994 |
| Woodie | 0.993932 | 0.996436 | 0.997911 | 1.000415 | 1.001890 | 1.004394 | 1.005869 |
| Fibonacci | 0.996607 | 0.998127 | 0.999066 | 1.000586 | 1.002106 | 1.003045 | 1.004565 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.995413 | 0.996801 | 0.998200 | 0.999588 | 1.000987 | 1.002375 | 1.003774 |
| Camarilla | 0.998832 | 0.999087 | 0.999343 | 0.999598 | 0.999854 | 1.000109 | 1.000364 |
| Woodie | 0.995418 | 0.996804 | 0.998205 | 0.999591 | 1.000992 | 1.002378 | 1.003779 |
| Fibonacci | 0.996801 | 0.997866 | 0.998524 | 0.999588 | 1.000653 | 1.001311 | 1.002375 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.986079 | 0.991940 | 0.995934 | 1.001795 | 1.005789 | 1.011650 | 1.015644 |
| Camarilla | 0.997218 | 0.998121 | 0.999025 | 0.999928 | 1.000831 | 1.001735 | 1.002638 |
| Woodie | 0.985146 | 0.991473 | 0.995001 | 1.001328 | 1.004856 | 1.011183 | 1.014711 |
| Fibonacci | 0.991940 | 0.995705 | 0.998030 | 1.001795 | 1.005560 | 1.007885 | 1.011650 |
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): | 49.26 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -4.723514 | |
| AROON (14): | -50.000000 | |
| DEMA (21): | 0.999319 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.999901 | |
| Elder Ray (13): | -0.000091 | |
| Super Trend (3,10): | 1.000166 | |
| Zig ZAG (10): | 0.999033 | |
| VORTEX (21): | 0.9694 | |
| Stochastique (14,3,5): | 33.67 | |
| TEMA (21): | 0.999158 | |
| Williams %R (14): | -73.20 | |
| Chande Momentum Oscillator (20): | -0.000754 | |
| Repulse (5,40,3): | -0.0534 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0015 | |
| Courbe Coppock: | 0.09 |
| MA7: | 0.999720 | |
| MA20: | 0.999839 | |
| MA50: | 0.999863 | |
| MA100: | 0.999662 | |
| MAexp7: | 0.999262 | |
| MAexp20: | 0.999446 | |
| MAexp50: | 0.999578 | |
| MAexp100: | 0.999670 | |
| Price / MA7: | -0.06% | |
| Price / MA20: | -0.07% | |
| Price / MA50: | -0.07% | |
| Price / MA100: | -0.05% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | -0.04% | |
| Price / MAexp100: | -0.05% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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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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