DAI - DAI/USD - 1H - Technical analysis published on 09/26/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
28%
56%
My opinion
Bearish under 1.000505 USD
My targets
0.999319 USD (-0.03%)
0.998209 USD (-0.14%)
My analysis
The bearish trend is currently very strong for DAI - DAI/USD. As long as the price remains below the resistance at 1.000505 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.999319 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.998209 USD as an objective. Crossing it would then enable sellers to target 0.996400 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DAI - DAI/USD price is 0.999653 USD. On the day, this instrument lost -0.02% and was traded between 0.998949 USD and 1.000004 USD over the period. The price is currently at +0.07% from its lowest and -0.04% from its highest.0.998949
1.000004
0.999653
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this DAI - DAI/USD chart shows a sharp bearish trend. The signals given by moving averages are 82.14% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 3 are bullish, 10 are neutral and 5 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.998716 | 0.999319 | 0.999553 | 0.999653 | 1.000002 | 1.000505 | 1.001108 |
| Change (%) | -0.09% | -0.03% | -0.01% | - | +0.03% | +0.09% | +0.15% |
| Change | -0.000937 | -0.000334 | -0.000100 | - | +0.000349 | +0.000852 | +0.001455 |
| Level | Minor | Major | Minor | - | Major | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.995329 | 0.996569 | 0.998211 | 0.999451 | 1.001093 | 1.002333 | 1.003975 |
| Camarilla | 0.999062 | 0.999326 | 0.999590 | 0.999854 | 1.000118 | 1.000382 | 1.000647 |
| Woodie | 0.995531 | 0.996670 | 0.998413 | 0.999552 | 1.001295 | 1.002434 | 1.004177 |
| Fibonacci | 0.996569 | 0.997670 | 0.998350 | 0.999451 | 1.000552 | 1.001232 | 1.002333 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.960111 | 0.971832 | 0.985684 | 0.997405 | 1.011257 | 1.022978 | 1.036830 |
| Camarilla | 0.992504 | 0.994849 | 0.997193 | 0.999537 | 1.001881 | 1.004225 | 1.006570 |
| Woodie | 0.961178 | 0.972365 | 0.986751 | 0.997938 | 1.012324 | 1.023511 | 1.037897 |
| Fibonacci | 0.971832 | 0.981601 | 0.987636 | 0.997405 | 1.007174 | 1.013209 | 1.022978 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.978147 | 0.985533 | 0.992428 | 0.999814 | 1.006709 | 1.014095 | 1.020990 |
| Camarilla | 0.995395 | 0.996704 | 0.998013 | 0.999322 | 1.000631 | 1.001940 | 1.003249 |
| Woodie | 0.977901 | 0.985410 | 0.992182 | 0.999691 | 1.006463 | 1.013972 | 1.020744 |
| Fibonacci | 0.985533 | 0.990989 | 0.994359 | 0.999814 | 1.005270 | 1.008640 | 1.014095 |
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): | 47.68 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -22.588087 | |
| AROON (14): | -14.285714 | |
| DEMA (21): | 0.999814 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.999086 | |
| Elder Ray (13): | -0.000062 | |
| Super Trend (3,10): | 1.000118 | |
| Zig ZAG (10): | 0.999781 | |
| VORTEX (21): | 0.9858 | |
| Stochastique (14,3,5): | 82.62 | |
| TEMA (21): | 0.999815 | |
| Williams %R (14): | -21.14 | |
| Chande Momentum Oscillator (20): | -0.000009 | |
| Repulse (5,40,3): | 0.0354 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0001 | |
| Courbe Coppock: | 0.00 |
| MA7: | 0.999818 | |
| MA20: | 0.999866 | |
| MA50: | 0.999771 | |
| MA100: | 0.999769 | |
| MAexp7: | 0.999819 | |
| MAexp20: | 0.999823 | |
| MAexp50: | 0.999832 | |
| MAexp100: | 0.999836 | |
| Price / MA7: | -0.02% | |
| Price / MA20: | -0.02% | |
| Price / MA50: | -0.01% | |
| Price / MA100: | -0.01% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | -0.02% | |
| Price / MAexp100: | -0.02% |
Quotes :
-
Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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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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