DYDX - DYDX/USDT - 1H - Technical analysis published on 02/24/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
61%
0%
39%
My opinion
Bearish under 2.83 USDT
My targets
2.53 USDT (-3.44%)
2.48 USDT (-5.34%)
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 2.83 USDT, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 2.53 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 2.48 USDT as an objective. Crossing it would then enable sellers to target 1.89 USDT. If the resistance 2.83 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.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
2.3
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Additional analysis
Quotes
DYDX - DYDX/USDT rating 2.62 USDT. On the day, this instrument lost -3.68% with the lowest point at 2.52 USDT and the highest point at 2.73 USDT. The deviation from the price is +3.97% for the low point and -4.03% for the high point.2.52
2.73
2.62
Here is a more detailed summary of the historical variations registered by DYDX - DYDX/USDT:
Technical
A technical analysis in 1H of this DYDX - DYDX/USDT chart shows a bearish trend. The signals given by moving averages are 78.57% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a moderate bullish signal.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Piercing line
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.59 | 1.89 | 2.53 | 2.62 | 2.63 | 2.84 | 2.96 |
| Change (%) | -39.31% | -27.86% | -3.44% | - | +0.38% | +8.40% | +12.98% |
| Change | -1.03 | -0.73 | -0.09 | - | +0.01 | +0.22 | +0.34 |
| Level | Minor | Minor | Major | - | Minor | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 46.12 | |
| MACD (12,26,9): | -0.0300 | |
| Directional Movement: | -5.44 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 2.57 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.54 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 2.70 | |
| Zig ZAG (10): | 2.62 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 54.94 | |
| TEMA (21): | 2.59 | |
| Williams %R (14): | -42.59 | |
| Chande Momentum Oscillator (20): | 0.05 | |
| Repulse (5,40,3): | 0.5600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2400 | |
| Courbe Coppock: | 0.71 |
| MA7: | 2.87 | |
| MA20: | 2.83 | |
| MA50: | 2.20 | |
| MA100: | 1.89 | |
| MAexp7: | 2.61 | |
| MAexp20: | 2.62 | |
| MAexp50: | 2.70 | |
| MAexp100: | 2.77 | |
| Price / MA7: | -8.71% | |
| Price / MA20: | -7.42% | |
| Price / MA50: | +19.09% | |
| Price / MA100: | +38.62% | |
| Price / MAexp7: | +0.38% | |
| Price / MAexp20: | -0% | |
| Price / MAexp50: | -2.96% | |
| Price / MAexp100: | -5.42% |
Quotes :
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Real time data
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