DASH - DASH/USD - 1H - Technical analysis published on 07/29/2023 (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:
Bullish
Underlying:
Strongly bullish
Technical indicators
17%
44%
39%
My opinion
Bullish above 31.96 USD
My targets
33.07 USD (+2.48%)
33.60 USD (+4.12%)
My analysis
The basic bullish trend is very strong on DASH - DASH/USD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 31.96 USD. Crossing the first resistance at 33.07 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 33.60 USD as an objective. Crossing it would then enable buyers to target 33.91 USD. Caution, a return to below 31.96 USD would be a sign of a consolidation phase in the short-term basic trend. 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, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.
Force
0
10
4.1
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Additional analysis
Quotes
DASH - DASH/USD rating 32.27 USD. The price registered a decrease of -0.03% on the session and was traded between 32.19 USD and 32.53 USD over the period. The price is currently at +0.25% from its lowest and -0.80% from its highest.32.19
32.53
32.27
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by DASH - DASH/USD:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of DASH - DASH/USD indicates that the overall trend is strongly bullish. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a slightly bearish signal.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 30.83 | 31.37 | 31.96 | 32.27 | 32.41 | 33.07 | 33.60 |
| Change (%) | -4.46% | -2.79% | -0.96% | - | +0.43% | +2.48% | +4.12% |
| Change | -1.44 | -0.90 | -0.31 | - | +0.14 | +0.80 | +1.33 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Minor | Intermediate |
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 | 30.87 | 31.26 | 31.77 | 32.16 | 32.67 | 33.06 | 33.57 |
| Camarilla | 32.03 | 32.12 | 32.20 | 32.28 | 32.36 | 32.45 | 32.53 |
| Woodie | 30.93 | 31.29 | 31.83 | 32.19 | 32.73 | 33.09 | 33.63 |
| Fibonacci | 31.26 | 31.60 | 31.82 | 32.16 | 32.50 | 32.72 | 33.06 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 28.62 | 30.06 | 31.27 | 32.71 | 33.92 | 35.36 | 36.57 |
| Camarilla | 31.75 | 31.99 | 32.24 | 32.48 | 32.72 | 32.97 | 33.21 |
| Woodie | 28.51 | 30.00 | 31.16 | 32.65 | 33.81 | 35.30 | 36.46 |
| Fibonacci | 30.06 | 31.07 | 31.70 | 32.71 | 33.72 | 34.35 | 35.36 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.14 | 24.13 | 30.92 | 34.91 | 41.70 | 45.69 | 52.48 |
| Camarilla | 34.74 | 35.72 | 36.71 | 37.70 | 38.69 | 39.68 | 40.67 |
| Woodie | 21.53 | 24.83 | 32.31 | 35.61 | 43.09 | 46.39 | 53.87 |
| Fibonacci | 24.13 | 28.25 | 30.80 | 34.91 | 39.03 | 41.58 | 45.69 |
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): | 54.25 | |
| MACD (12,26,9): | 0.1100 | |
| Directional Movement: | 14.20 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 32.41 | |
| Parabolic SAR (0,02-0,02-0,2): | 32.17 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 32.06 | |
| Zig ZAG (10): | 32.29 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 40.86 | |
| TEMA (21): | 32.40 | |
| Williams %R (14): | -58.54 | |
| Chande Momentum Oscillator (20): | -0.03 | |
| Repulse (5,40,3): | -0.4200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 0.55 |
| MA7: | 32.15 | |
| MA20: | 32.94 | |
| MA50: | 33.23 | |
| MA100: | 38.93 | |
| MAexp7: | 32.33 | |
| MAexp20: | 32.25 | |
| MAexp50: | 32.05 | |
| MAexp100: | 31.99 | |
| Price / MA7: | +0.37% | |
| Price / MA20: | -2.03% | |
| Price / MA50: | -2.89% | |
| Price / MA100: | -17.11% | |
| Price / MAexp7: | -0.19% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | +0.69% | |
| Price / MAexp100: | +0.88% |
Quotes :
-
Real time data
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Cryptocompare
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