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DAI - DAI/USD
DAI - DAI/USD
- USD (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: DAIUSD
ISIN:

DAI - DAI/USD - 1H - Technical analysis published on 04/19/2023 (GMT)

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Londinia
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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Neutral
Technical indicators
17%
44%
39%
My opinion
Bearish under 1.001000 USD
My targets
0.997800 USD (-0.19%)
0.994200 USD (-0.55%)
My analysis
The current short-term bearish trend is expected to quickly fix the basic bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for DAI - DAI/USD as long as the price remains well below 1.001000 USD. The sellers' bearish objective is set at 0.997800 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.994200 USD. If there is any crossing, the next objective would be the support located at 0.970900 USD.

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
0
10
2

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The DAI - DAI/USD price is 0.999700 USD. The price registered a decrease of -0.02% on the session with the lowest point at 0.999400 USD and the highest point at 0.999900 USD. The deviation from the price is +0.03% for the low point and -0.02% for the high point.

0.999400
0.999900
0.999700

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by DAI - DAI/USD:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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


Technical analysis of DAI - DAI/USD in 1H shows a neutral overall trend. This indecision could turn into a bearish trend due to the strong bearish signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 20

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



In fact, only 8 technical indicators out of 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


MACD indicator is back under 0

Type : Bearish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.996400 0.997800 0.998400 0.999700 0.999795 1.001000 1.006000
Change (%) -0.33% -0.19% -0.13% - +0.01% +0.13% +0.63%
Change -0.003300 -0.001900 -0.001300 - +0.000095 +0.001300 +0.006300
Level Intermediate Minor Intermediate - Major Minor Minor



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.9989330.9991670.9995330.9997671.0001331.0003671.000733
Camarilla0.9997350.9997900.9998450.9999000.9999551.0000101.000065
Woodie0.9990000.9992000.9996000.9998001.0002001.0004001.000800
Fibonacci0.9991670.9993960.9995380.9997670.9999961.0001381.000367


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.9888670.9915330.9956670.9983331.0024671.0051331.009267
Camarilla0.9979300.9985530.9991770.9998001.0004231.0010471.001670
Woodie0.9896000.9919000.9964000.9987001.0032001.0055001.010000
Fibonacci0.9915330.9941310.9957360.9983331.0009311.0025361.005133


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.7726330.8185670.9091330.9550671.0456331.0915671.182133
Camarilla0.9621630.9746750.9871880.9997001.0122131.0247251.037238
Woodie0.7949500.8297250.9314500.9662251.0679501.1027251.204450
Fibonacci0.8185670.8707100.9029240.9550671.0072101.0394241.091567

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): 46.95
MACD (12,26,9): 0.0000
Directional Movement: -35.901412
AROON (14): -21.428571
DEMA (21): 0.999846
Parabolic SAR (0,02-0,02-0,2): 0.999921
Elder Ray (13): -0.000038
Super Trend (3,10): 0.999510
Zig ZAG (10): 0.999800
VORTEX (21): 0.9756
Stochastique (14,3,5): 61.11
TEMA (21): 0.999769
Williams %R (14): -50.00
Chande Momentum Oscillator (20): -0.000200
Repulse (5,40,3): -0.0026
ROCnROLL: 2
TRIX (15,9): 0.0001
Courbe Coppock: 0.02
MA7: 0.999743
MA20: 0.999680
MA50: 0.998966
MA100: 0.999377
MAexp7: 0.999804
MAexp20: 0.999842
MAexp50: 0.999816
MAexp100: 0.999786
Price / MA7: +0.00%
Price / MA20: +0.00%
Price / MA50: +0.07%
Price / MA100: +0.03%
Price / MAexp7: -0.01%
Price / MAexp20: -0.01%
Price / MAexp50: -0.01%
Price / MAexp100: -0.01%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia
Londinia AI

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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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