DYDX - DYDX/USDT - 1H - Technical analysis published on 02/22/2023 (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
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
72%
0%
28%
My opinion
Bearish under 2.74 USDT
My targets
2.53 USDT (-4.17%)
2.40 USDT (-9.09%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 2.74 USDT remains possible. It is advisable to trade DYDX - DYDX/USDT with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 2.74 USDT. The next bearish objective for sellers is set at 2.53 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2.40 USDT. In case of crossing, the next objective would be the support located at 1.89 USDT. PS: if there is a bullish break in the resistance located at 2.74 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
0.9
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Additional analysis
Quotes
The DYDX - DYDX/USDT price is 2.64 USDT. On the day, this instrument lost -2.94% and was traded between 2.52 USDT and 2.73 USDT over the period. The price is currently at +4.76% from its lowest and -3.30% from its highest.2.52
2.73
2.64
The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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:
Technical
Technical analysis of DYDX - DYDX/USDT in 1H shows an overall bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, 13 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
White gravestone / inverted hammer
Type : Neutral
Timeframe : 1 hour
Piercing line
Type : Bullish
Timeframe : 1 hour
Three white soldiers
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.89 | 2.40 | 2.53 | 2.64 | 2.65 | 2.74 | 2.84 |
| Change (%) | -28.41% | -9.09% | -4.17% | - | +0.38% | +3.79% | +7.58% |
| Change | -0.75 | -0.24 | -0.11 | - | +0.01 | +0.10 | +0.20 |
| Level | Minor | Minor | Major | - | 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 | 2.29 | 2.47 | 2.60 | 2.78 | 2.91 | 3.09 | 3.22 |
| Camarilla | 2.64 | 2.66 | 2.69 | 2.72 | 2.75 | 2.78 | 2.81 |
| Woodie | 2.26 | 2.46 | 2.57 | 2.77 | 2.88 | 3.08 | 3.19 |
| Fibonacci | 2.47 | 2.59 | 2.67 | 2.78 | 2.90 | 2.98 | 3.09 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.62 | 1.97 | 2.48 | 2.83 | 3.34 | 3.69 | 4.20 |
| Camarilla | 2.75 | 2.83 | 2.91 | 2.99 | 3.07 | 3.15 | 3.23 |
| Woodie | 1.70 | 2.01 | 2.56 | 2.87 | 3.42 | 3.73 | 4.28 |
| Fibonacci | 1.97 | 2.30 | 2.50 | 2.83 | 3.16 | 3.36 | 3.69 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.55 | 0.29 | 1.76 | 2.60 | 4.07 | 4.91 | 6.38 |
| Camarilla | 2.59 | 2.80 | 3.01 | 3.22 | 3.43 | 3.64 | 3.86 |
| Woodie | -0.25 | 0.45 | 2.07 | 2.76 | 4.38 | 5.07 | 6.69 |
| Fibonacci | 0.29 | 1.18 | 1.72 | 2.60 | 3.49 | 4.03 | 4.91 |
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): | 51.54 | |
| MACD (12,26,9): | -0.0300 | |
| Directional Movement: | -2.49 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 2.58 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.53 | |
| Elder Ray (13): | 0.05 | |
| Super Trend (3,10): | 2.70 | |
| Zig ZAG (10): | 2.65 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 72.17 | |
| TEMA (21): | 2.59 | |
| Williams %R (14): | -24.69 | |
| Chande Momentum Oscillator (20): | 0.04 | |
| Repulse (5,40,3): | 1.6200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2600 | |
| Courbe Coppock: | 2.46 |
| MA7: | 2.87 | |
| MA20: | 2.83 | |
| MA50: | 2.20 | |
| MA100: | 1.89 | |
| MAexp7: | 2.61 | |
| MAexp20: | 2.63 | |
| MAexp50: | 2.71 | |
| MAexp100: | 2.78 | |
| Price / MA7: | -8.01% | |
| Price / MA20: | -6.71% | |
| Price / MA50: | +20.00% | |
| Price / MA100: | +39.68% | |
| Price / MAexp7: | +1.15% | |
| Price / MAexp20: | +0.38% | |
| Price / MAexp50: | -2.58% | |
| Price / MAexp100: | -5.04% |
Quotes :
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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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