DYDX - DYDX/USDT - 1H - Technical analysis published on 02/14/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
50%
6%
44%
My opinion
Bearish under 2.53 USDT
My targets
2.34 USDT (-4.10%)
2.25 USDT (-7.79%)
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 DYDX - DYDX/USDT. As long as you are under the resistance located at 2.53 USDT, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 2.34 USDT would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 2.25 USDT as an objective. Crossing it would then enable sellers to target 1.89 USDT. If the resistance 2.53 USDT were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
1.8
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This analysis was given by finacian. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DYDX - DYDX/USDT rating is 2.44 USDT. On the day, this instrument gained +0.41% and was between 2.40 USDT and 2.47 USDT. This implies that the price is at +1.67% from its lowest and at -1.21% from its highest.2.40
2.47
2.44
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by DYDX - DYDX/USDT:
Technical
Technical analysis of this 1H chart of DYDX - DYDX/USDT indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a slightly bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.89 | 2.25 | 2.34 | 2.44 | 2.53 | 2.84 | 3.00 |
| Change (%) | -22.54% | -7.79% | -4.10% | - | +3.69% | +16.39% | +22.95% |
| Change | -0.55 | -0.19 | -0.10 | - | +0.09 | +0.40 | +0.56 |
| Level | Minor | 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 | 2.11 | 2.22 | 2.32 | 2.43 | 2.53 | 2.64 | 2.74 |
| Camarilla | 2.37 | 2.39 | 2.41 | 2.43 | 2.45 | 2.47 | 2.49 |
| Woodie | 2.12 | 2.22 | 2.33 | 2.43 | 2.54 | 2.64 | 2.75 |
| Fibonacci | 2.22 | 2.30 | 2.35 | 2.43 | 2.51 | 2.56 | 2.64 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.36 | 1.87 | 2.24 | 2.75 | 3.12 | 3.63 | 4.00 |
| Camarilla | 2.38 | 2.46 | 2.54 | 2.62 | 2.70 | 2.78 | 2.86 |
| Woodie | 1.30 | 1.84 | 2.18 | 2.72 | 3.06 | 3.60 | 3.94 |
| Fibonacci | 1.87 | 2.20 | 2.41 | 2.75 | 3.08 | 3.29 | 3.63 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.64 | 0.23 | 1.72 | 2.59 | 4.08 | 4.95 | 6.44 |
| Camarilla | 2.57 | 2.79 | 3.00 | 3.22 | 3.44 | 3.65 | 3.87 |
| Woodie | -0.32 | 0.39 | 2.04 | 2.75 | 4.40 | 5.11 | 6.76 |
| Fibonacci | 0.23 | 1.13 | 1.69 | 2.59 | 3.49 | 4.05 | 4.95 |
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): | 47.95 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | -6.57 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 2.41 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.38 | |
| Elder Ray (13): | -0.02 | |
| Super Trend (3,10): | 2.52 | |
| Zig ZAG (10): | 2.42 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 61.98 | |
| TEMA (21): | 2.43 | |
| Williams %R (14): | -36.72 | |
| Chande Momentum Oscillator (20): | 0.07 | |
| Repulse (5,40,3): | -0.2800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1100 | |
| Courbe Coppock: | 2.81 |
| MA7: | 2.55 | |
| MA20: | 2.74 | |
| MA50: | 1.91 | |
| MA100: | 1.81 | |
| MAexp7: | 2.43 | |
| MAexp20: | 2.43 | |
| MAexp50: | 2.47 | |
| MAexp100: | 2.54 | |
| Price / MA7: | -4.31% | |
| Price / MA20: | -10.95% | |
| Price / MA50: | +27.75% | |
| Price / MA100: | +34.81% | |
| Price / MAexp7: | +0.41% | |
| Price / MAexp20: | +0.41% | |
| Price / MAexp50: | -1.21% | |
| Price / MAexp100: | -3.94% |
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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