DAI - DAI/USD - 1H - Technical analysis published on 07/12/2023 (GMT)
- 140
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bullish
Technical indicators
22%
33%
44%
My opinion
Neutral between 0.999100 USD and 0.999924 USD
My targets
-
My analysis
A slightly bullish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 0.999924 USD. The first support is located at 0.999100 USD. A very slight advantage is given by the slightly bullish basic trend so that the resistance is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This may be the case, for example, when the first resistance has been broken above or the first support has been broken below.
In the very short term, the neutral opinion of this analysis is confirmed by technical indicators which are also neutral.
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 rating is 0.999700 USD. The price is lower by -0.02% since the last closing and was between 0.999500 USD and 0.999900 USD. This implies that the price is at +0.02% from its lowest and at -0.02% from its highest.0.999500
0.999900
0.999700
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
Technical analysis of this 1H chart of DAI - DAI/USD indicates that the overall trend is slightly bullish. 60.71% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the overall trend could quickly return to neutral as well. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 8 are neutral and 6 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.999100 | 0.999400 | 0.999700 | 0.999700 | 0.999924 | 1.003000 | 1.006000 |
| Change (%) | -0.06% | -0.03% | 0% | - | +0.02% | +0.33% | +0.63% |
| Change | -0.000600 | -0.000300 | 0 | - | +0.000224 | +0.003300 | +0.006300 |
| Level | Major | Intermediate | Minor | - | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 0.998433 | 0.998767 | 0.999333 | 0.999667 | 1.000233 | 1.000567 | 1.001133 |
| Camarilla | 0.999653 | 0.999735 | 0.999818 | 0.999900 | 0.999983 | 1.000065 | 1.000148 |
| Woodie | 0.998550 | 0.998825 | 0.999450 | 0.999725 | 1.000350 | 1.000625 | 1.001250 |
| Fibonacci | 0.998767 | 0.999111 | 0.999323 | 0.999667 | 1.000011 | 1.000223 | 1.000567 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.997633 | 0.998167 | 0.998933 | 0.999467 | 1.000233 | 1.000767 | 1.001533 |
| Camarilla | 0.999343 | 0.999462 | 0.999581 | 0.999700 | 0.999819 | 0.999938 | 1.000058 |
| Woodie | 0.997750 | 0.998225 | 0.999050 | 0.999525 | 1.000350 | 1.000825 | 1.001650 |
| Fibonacci | 0.998167 | 0.998663 | 0.998970 | 0.999467 | 0.999963 | 1.000270 | 1.000767 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.984967 | 0.991233 | 0.995467 | 1.001733 | 1.005967 | 1.012233 | 1.016467 |
| Camarilla | 0.996813 | 0.997775 | 0.998738 | 0.999700 | 1.000663 | 1.001625 | 1.002588 |
| Woodie | 0.983950 | 0.990725 | 0.994450 | 1.001225 | 1.004950 | 1.011725 | 1.015450 |
| Fibonacci | 0.991233 | 0.995244 | 0.997722 | 1.001733 | 1.005744 | 1.008222 | 1.012233 |
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): | 41.48 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -15.199681 | |
| AROON (14): | -28.571429 | |
| DEMA (21): | 0.999809 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.999900 | |
| Elder Ray (13): | -0.000074 | |
| Super Trend (3,10): | 0.999148 | |
| Zig ZAG (10): | 0.999600 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 79.17 | |
| TEMA (21): | 0.999766 | |
| Williams %R (14): | -37.50 | |
| Chande Momentum Oscillator (20): | -0.000200 | |
| Repulse (5,40,3): | -0.0082 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0007 | |
| Courbe Coppock: | 0.02 |
| MA7: | 0.999586 | |
| MA20: | 0.999700 | |
| MA50: | 0.999788 | |
| MA100: | 0.999879 | |
| MAexp7: | 0.999754 | |
| MAexp20: | 0.999778 | |
| MAexp50: | 0.999694 | |
| MAexp100: | 0.999648 | |
| Price / MA7: | +0.01% | |
| Price / MA20: | -0% | |
| Price / MA50: | -0.01% | |
| Price / MA100: | -0.02% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | +0.00% | |
| Price / MAexp100: | +0.01% |
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.
About author
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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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