DYDX - DYDX/USDT - 1H - Technical analysis published on 03/10/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
72%
0%
28%
My opinion
Bearish under 2.03 USDT
My targets
1.89 USDT (-5.97%)
1.67 USDT (-16.92%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 2.03 USDT remains possible. It is advisable to trade DYDX - DYDX/USDT with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 2.03 USDT. The next bearish objective for sellers is set at 1.89 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.67 USDT. In case of crossing, the next objective would be the support located at 1.19 USDT. PS: if there is a bullish break in the resistance located at 2.03 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0
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Additional analysis
Quotes
The DYDX - DYDX/USDT price is 2.01 USDT. The price registered a decrease of -2.43% on the session and was between 1.80 USDT and 2.11 USDT. This implies that the price is at +11.67% from its lowest and at -4.74% from its highest.1.80
2.11
2.01
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:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this DYDX - DYDX/USDT chart shows a bearish trend. 64.29% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 1.19 | 1.89 | 2.01 | 2.16 | 2.53 | 2.97 |
| Change (%) | -40.80% | -5.97% | - | +7.46% | +25.87% | +47.76% |
| Change | -0.82 | -0.12 | - | +0.15 | +0.52 | +0.96 |
| Level | Intermediate | Intermediate | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.71 | 1.82 | 1.94 | 2.05 | 2.17 | 2.28 | 2.40 |
| Camarilla | 2.00 | 2.02 | 2.04 | 2.06 | 2.08 | 2.10 | 2.12 |
| Woodie | 1.72 | 1.82 | 1.95 | 2.05 | 2.18 | 2.28 | 2.41 |
| Fibonacci | 1.82 | 1.91 | 1.96 | 2.05 | 2.14 | 2.19 | 2.28 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.04 | 1.67 | 2.03 | 2.66 | 3.02 | 3.65 | 4.01 |
| Camarilla | 2.12 | 2.21 | 2.30 | 2.39 | 2.48 | 2.57 | 2.66 |
| Woodie | 0.91 | 1.60 | 1.90 | 2.59 | 2.89 | 3.58 | 3.88 |
| Fibonacci | 1.67 | 2.05 | 2.28 | 2.66 | 3.04 | 3.27 | 3.65 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.72 | 1.52 | 2.07 | 2.87 | 3.42 | 4.22 | 4.77 |
| Camarilla | 2.25 | 2.37 | 2.50 | 2.62 | 2.74 | 2.87 | 2.99 |
| Woodie | 0.60 | 1.46 | 1.95 | 2.81 | 3.30 | 4.16 | 4.65 |
| Fibonacci | 1.52 | 2.04 | 2.35 | 2.87 | 3.39 | 3.70 | 4.22 |
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): | 54.84 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | 3.25 | |
| AROON (14): | 85.72 | |
| DEMA (21): | 1.96 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.83 | |
| Elder Ray (13): | 0.04 | |
| Super Trend (3,10): | 2.05 | |
| Zig ZAG (10): | 2.02 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 94.39 | |
| TEMA (21): | 1.98 | |
| Williams %R (14): | -2.69 | |
| Chande Momentum Oscillator (20): | 0.15 | |
| Repulse (5,40,3): | 1.9500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1600 | |
| Courbe Coppock: | 5.23 |
| MA7: | 2.22 | |
| MA20: | 2.63 | |
| MA50: | 2.42 | |
| MA100: | 1.93 | |
| MAexp7: | 1.99 | |
| MAexp20: | 1.97 | |
| MAexp50: | 2.02 | |
| MAexp100: | 2.13 | |
| Price / MA7: | -9.46% | |
| Price / MA20: | -23.57% | |
| Price / MA50: | -16.94% | |
| Price / MA100: | +4.15% | |
| Price / MAexp7: | +1.01% | |
| Price / MAexp20: | +2.03% | |
| Price / MAexp50: | -0.50% | |
| Price / MAexp100: | -5.63% |
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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