DAI - DAI/USD - 1H - Technical analysis published on 11/23/2024 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
33%
17%
50%
My opinion
Bullish above 0.998716 USD
My targets
1.003000 USD (+0.30%)
1.014543 USD (+1.45%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on DAI - DAI/USD. As long as you are above the support located at 0.998716 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 1.003000 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 1.014543 USD as an objective. If the support 0.998716 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
4.5
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.
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Additional analysis
Quotes
The DAI - DAI/USD rating is 1.000000 USD. On the day, this instrument gained +0.00% and was between 1.000000 USD and 1.000000 USD. This implies that the price is at 0% from its lowest and at 0% from its highest.1.000000
1.000000
1.000000
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of DAI - DAI/USD in 1H shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.998406 | 0.998716 | 0.999319 | 1.000000 | 1.000018 | 1.003000 | 1.004998 |
| Change (%) | -0.16% | -0.13% | -0.07% | - | +0.00% | +0.30% | +0.50% |
| Change | -0.001594 | -0.001284 | -0.000681 | - | +0.000018 | +0.003000 | +0.004998 |
| Level | Major | Minor | Intermediate | - | Major | Intermediate | 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 | 1.000000 | 1.000000 | 1.000000 | 1.000000 | 1.000000 | 1.000000 | 1.000000 |
| Camarilla | 1.000000 | 1.000000 | 1.000000 | 1.000000 | 1.000000 | 1.000000 | 1.000000 |
| Woodie | 1.000000 | 1.000000 | 1.000000 | 1.000000 | 1.000000 | 1.000000 | 1.000000 |
| Fibonacci | 1.000000 | 1.000000 | 1.000000 | 1.000000 | 1.000000 | 1.000000 | 1.000000 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.987000 | 0.993000 | 0.997000 | 1.003000 | 1.007000 | 1.013000 | 1.017000 |
| Camarilla | 0.997000 | 0.998000 | 0.999000 | 1.000000 | 1.001000 | 1.002000 | 1.003000 |
| Woodie | 0.985000 | 0.993000 | 0.995000 | 1.003000 | 1.005000 | 1.013000 | 1.015000 |
| Fibonacci | 0.993000 | 0.997000 | 1.000000 | 1.003000 | 1.007000 | 1.010000 | 1.013000 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.983000 | 0.987000 | 0.993000 | 0.997000 | 1.003000 | 1.007000 | 1.013000 |
| Camarilla | 0.997000 | 0.998000 | 0.999000 | 1.000000 | 1.001000 | 1.002000 | 1.003000 |
| Woodie | 0.985000 | 0.988000 | 0.995000 | 0.998000 | 1.005000 | 1.008000 | 1.015000 |
| Fibonacci | 0.987000 | 0.990000 | 0.993000 | 0.997000 | 1.000000 | 1.003000 | 1.007000 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 52.40 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 18.829021 | |
| AROON (14): | 85.714286 | |
| DEMA (21): | 1.000006 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.999800 | |
| Elder Ray (13): | 0.000089 | |
| Super Trend (3,10): | 0.998922 | |
| Zig ZAG (10): | 1.000100 | |
| VORTEX (21): | 1.0139 | |
| Stochastique (14,3,5): | 23.81 | |
| TEMA (21): | 0.999956 | |
| Williams %R (14): | -85.71 | |
| Chande Momentum Oscillator (20): | 0.000000 | |
| Repulse (5,40,3): | -0.0214 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0003 | |
| Courbe Coppock: | 0.00 |
| MA7: | 0.999957 | |
| MA20: | 0.999920 | |
| MA50: | 0.999814 | |
| MA100: | 0.999802 | |
| MAexp7: | 1.000005 | |
| MAexp20: | 1.000000 | |
| MAexp50: | 0.999997 | |
| MAexp100: | 0.999976 | |
| Price / MA7: | +0.00% | |
| Price / MA20: | +0.01% | |
| Price / MA50: | +0.02% | |
| Price / MA100: | +0.02% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | -0% | |
| Price / MAexp50: | +0.00% | |
| Price / MAexp100: | +0.00% |
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.
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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