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 07/01/2024 (GMT)

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

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
39%
22%
39%
My opinion
Bullish above 0.995806 USD
My targets
1.001108 USD (+0.14%)
My analysis
The bullish trend is currently very strong on DAI - DAI/USD. As long as the price remains above the support at 0.995806 USD, you could try to benefit from the boom. The first bullish objective is located at 1.001108 USD. The bullish momentum would be boosted by a break in this resistance. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
5.9

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:
15 min. Daily Weekly

Additional analysis

Quotes

The DAI - DAI/USD price is 0.999722 USD. The price registered an increase of +0.00% on the session with the lowest point at 0.998219 USD and the highest point at 0.999886 USD. The deviation from the price is +0.15% for the low point and -0.02% for the high point.

0.998219
0.999886
0.999722

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

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:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of DAI - DAI/USD in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 85.71% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Central Indicators

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour



An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour


Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : 1 hour


Bearish harami cross

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.993307 0.995806 0.999006 0.999722 0.999993 1.001108 1.003000
Change (%) -0.64% -0.39% -0.07% - +0.03% +0.14% +0.33%
Change -0.006415 -0.003916 -0.000716 - +0.000271 +0.001386 +0.003278
Level Intermediate Intermediate Major - Major Minor Minor



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
Standard0.9950480.9960580.9978970.9989071.0007461.0017561.003595
Camarilla0.9989520.9992130.9994740.9997350.9999961.0002571.000519
Woodie0.9954620.9962650.9983110.9991141.0011601.0019631.004009
Fibonacci0.9960580.9971470.9978190.9989070.9999961.0006681.001756


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.9907440.9928740.9962740.9984041.0018041.0039341.007334
Camarilla0.9981530.9986600.9991670.9996741.0001811.0006881.001195
Woodie0.9913790.9931920.9969090.9987221.0024391.0042521.007969
Fibonacci0.9928740.9949870.9962920.9984041.0005171.0018221.003934


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.9857880.9889220.9943280.9974621.0028681.0060021.011408
Camarilla0.9973870.9981690.9989520.9997351.0005181.0013011.002084
Woodie0.9869250.9894900.9954650.9980301.0040051.0065701.012545
Fibonacci0.9889220.9921840.9941990.9974621.0007241.0027391.006002

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 55.60
MACD (12,26,9): 0.0000
Directional Movement: -30.095297
AROON (14): 14.285714
DEMA (21): 0.999750
Parabolic SAR (0,02-0,02-0,2): 0.998875
Elder Ray (13): 0.000049
Super Trend (3,10): 1.000544
Zig ZAG (10): 0.999726
VORTEX (21): 1.0356
Stochastique (14,3,5): 90.86
TEMA (21): 0.999754
Williams %R (14): -9.60
Chande Momentum Oscillator (20): -0.000066
Repulse (5,40,3): 0.0082
ROCnROLL: 1
TRIX (15,9): 0.0005
Courbe Coppock: 0.01
MA7: 0.999721
MA20: 0.999776
MA50: 0.999683
MA100: 0.999744
MAexp7: 0.999720
MAexp20: 0.999703
MAexp50: 0.999670
MAexp100: 0.999678
Price / MA7: +0.00%
Price / MA20: -0.01%
Price / MA50: +0.00%
Price / MA100: +0.00%
Price / MAexp7: +0.00%
Price / MAexp20: +0.00%
Price / MAexp50: +0.01%
Price / MAexp100: +0.00%

Quotes : - Real time data - Cryptocompare

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

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