DAI - DAI/USD - 1H - Technical analysis published on 04/19/2024 (GMT)
- 107
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bullish
Technical indicators
17%
33%
50%
My opinion
Neutral between 0.996400 USD and 1.001108 USD
My targets
-
My analysis
The basic trend is slightly bullish and the short term is tentatively bearish. With such a pattern, the price could just as easily move towards the first support as the first resistance. The first support is located at 0.996400 USD. The first resistance is located at 1.001108 USD. With no basic trend, it will be important to monitor the reaction of the price to the levels cited. A bearish break in the support could quickly reverse the basic trend. A bullish break in resistance would be welcome to boost the slightly bullish basic trend. On the other hand, if the price is blocked by support or resistance, it could be attractive to trade against the trend on the last short-term movement registered by DAI - DAI/USD.
Technical indicators are neutral in the very short term and are not able to influence the opinion of this 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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DAI - DAI/USD price is 0.999600 USD. The price registered a decrease of -0.02% on the session and was traded between 0.999511 USD and 1.000806 USD over the period. The price is currently at +0.01% from its lowest and -0.12% from its highest.0.999511
1.000806
0.999600
A study of price movements over other periods shows the following variations:
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
Technical
A technical analysis in 1H of this DAI - DAI/USD chart shows a slightly bullish trend. 60.71% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently given by short-term moving averages indicate that this slightly bullish trend could be reversed. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Moving Average bearish crossovers : AMA50 & AMA100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.993307 | 0.996400 | 0.998491 | 0.999600 | 0.999993 | 1.001108 | 1.003000 |
| Change (%) | -0.63% | -0.32% | -0.11% | - | +0.04% | +0.15% | +0.34% |
| Change | -0.006293 | -0.003200 | -0.001109 | - | +0.000393 | +0.001508 | +0.003400 |
| Level | Major | Minor | Minor | - | Major | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.998603 | 0.999079 | 0.999440 | 0.999916 | 1.000277 | 1.000753 | 1.001114 |
| Camarilla | 0.999570 | 0.999647 | 0.999723 | 0.999800 | 0.999877 | 0.999954 | 1.000030 |
| Woodie | 0.998545 | 0.999050 | 0.999382 | 0.999887 | 1.000219 | 1.000724 | 1.001056 |
| Fibonacci | 0.999079 | 0.999399 | 0.999597 | 0.999916 | 1.000236 | 1.000434 | 1.000753 |
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): | 50.04 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 5.708261 | |
| AROON (14): | -42.857143 | |
| DEMA (21): | 0.999861 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.000379 | |
| Elder Ray (13): | -0.000016 | |
| Super Trend (3,10): | 1.000546 | |
| Zig ZAG (10): | 0.999833 | |
| VORTEX (21): | 1.0156 | |
| Stochastique (14,3,5): | 45.64 | |
| TEMA (21): | 0.999820 | |
| Williams %R (14): | -82.84 | |
| Chande Momentum Oscillator (20): | -0.000260 | |
| Repulse (5,40,3): | -0.0120 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0002 | |
| Courbe Coppock: | 0.01 |
| MA7: | 0.999603 | |
| MA20: | 0.999793 | |
| MA50: | 0.999867 | |
| MA100: | 0.999654 | |
| MAexp7: | 0.999807 | |
| MAexp20: | 0.999839 | |
| MAexp50: | 0.999812 | |
| MAexp100: | 0.999776 | |
| Price / MA7: | +0.00% | |
| Price / MA20: | -0.02% | |
| Price / MA50: | -0.03% | |
| Price / MA100: | -0.01% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | -0.02% | |
| Price / MAexp100: | -0.02% |
Quotes :
-
Real time data
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Cryptocompare
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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