Londinia Opportunities Analyses - 04/26/2024 (GMT) DYDX - DYDX/USDT - 1H

- USDT (-)

- Real time data - Cryptocompare

Type:	Cryptocurrencies
Ticker:	DYDXUSDT
ISIN:

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.

Cryptocurrencies
Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

72%

17%

My opinion

Bearish under 2.17 USDT

My targets

2.05 USDT (-3.76%)

1.83 USDT (-14.08%)

My analysis

DYDX - DYDX/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 2.17 USDT. The next support located at 2.05 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.83 USDT. Below this support, sellers could then target 1.05 USDT. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

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.

Additional analysis

Quotes

The DYDX - DYDX/USDT price is 2.13 USDT. On the day, this instrument lost -3.18% and was between 2.11 USDT and 2.22 USDT. This implies that the price is at +0.95% from its lowest and at -4.05% from its highest.

2.11

2.22

2.13

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

Technical

A technical analysis in 1H of this DYDX - DYDX/USDT chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a strong bearish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

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

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.83	2.05	2.13	2.13	2.17	2.28	2.35
Change (%)	-14.08%	-3.76%	0%	-	+1.88%	+7.04%	+10.33%
Change	-0.30	-0.08	0	-	+0.04	+0.15	+0.22
Level	Intermediate	Major	Intermediate	-	Minor	Minor	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.96	2.05	2.12	2.21	2.28	2.37	2.44
Camarilla	2.16	2.17	2.19	2.20	2.22	2.23	2.24
Woodie	1.96	2.05	2.12	2.21	2.28	2.37	2.44
Fibonacci	2.05	2.11	2.15	2.21	2.27	2.31	2.37

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.54	1.72	2.06	2.24	2.58	2.76	3.10
Camarilla	2.26	2.31	2.35	2.40	2.45	2.50	2.54
Woodie	1.62	1.76	2.14	2.28	2.66	2.80	3.18
Fibonacci	1.72	1.92	2.04	2.24	2.44	2.56	2.76

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.33	2.15	2.79	3.61	4.25	5.07	5.71
Camarilla	3.03	3.16	3.30	3.43	3.56	3.70	3.83
Woodie	1.24	2.11	2.70	3.57	4.16	5.03	5.62
Fibonacci	2.15	2.71	3.05	3.61	4.17	4.51	5.07

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):	35.17
MACD (12,26,9):	-0.0200
Directional Movement:	-20.37
AROON (14):	-57.15
DEMA (21):	2.14
Parabolic SAR (0,02-0,02-0,2):	2.19
Elder Ray (13):	-0.04
Super Trend (3,10):	2.20
Zig ZAG (10):	2.13
VORTEX (21):	0.9100
Stochastique (14,3,5):	23.52
TEMA (21):	2.14
Williams %R (14):	-79.98
Chande Momentum Oscillator (20):	-0.04
Repulse (5,40,3):	-1.1100
ROCnROLL:	2
TRIX (15,9):	-0.0900
Courbe Coppock:	2.83

MA7:	2.29
MA20:	2.43
MA50:	3.08
MA100:	3.08
MAexp7:	2.14
MAexp20:	2.16
MAexp50:	2.20
MAexp100:	2.24
Price / MA7:	-6.99%
Price / MA20:	-12.35%
Price / MA50:	-30.84%
Price / MA100:	-30.84%
Price / MAexp7:	-0.47%
Price / MAexp20:	-1.39%
Price / MAexp50:	-3.18%
Price / MAexp100:	-4.91%

Quotes : - Real time data - Cryptocompare