DASH - DASH/USD - Daily - Technical analysis published on 09/04/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
44%
39%
17%
My opinion
Bearish under 28.11 USD
My targets
22.76 USD (-10.92%)
18.56 USD (-27.36%)
My analysis
The bearish trend is currently very strong for DASH - DASH/USD. As long as the price remains below the resistance at 28.11 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 22.76 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 18.56 USD as an objective. Crossing it would then enable sellers to target 13.21 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.9
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.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
DASH - DASH/USD rating 25.55 USD. The price registered a decrease of -0.08% on the session and was traded between 25.28 USD and 25.92 USD over the period. The price is currently at +1.07% from its lowest and -1.43% from its highest.25.28
25.92
25.55
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
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of DASH - DASH/USD in Daily shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 8 are bullish, 3 are neutral and 7 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 25.29 | 25.55 | 32.84 | 40.94 | 45.84 |
| Change (%) | -1.02% | - | +28.53% | +60.23% | +79.41% |
| Change | -0.26 | - | +7.29 | +15.39 | +20.29 |
| Level | Major | - | Minor | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.89 | 25.10 | 25.34 | 25.55 | 25.79 | 26.00 | 26.24 |
| Camarilla | 25.45 | 25.49 | 25.53 | 25.57 | 25.61 | 25.65 | 25.69 |
| Woodie | 24.90 | 25.11 | 25.35 | 25.56 | 25.80 | 26.01 | 26.25 |
| Fibonacci | 25.10 | 25.28 | 25.38 | 25.55 | 25.73 | 25.83 | 26.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.11 | 23.57 | 24.47 | 25.93 | 26.83 | 28.29 | 29.19 |
| Camarilla | 24.71 | 24.93 | 25.14 | 25.36 | 25.58 | 25.79 | 26.01 |
| Woodie | 21.82 | 23.43 | 24.18 | 25.79 | 26.54 | 28.15 | 28.90 |
| Fibonacci | 23.57 | 24.48 | 25.03 | 25.93 | 26.84 | 27.39 | 28.29 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.21 | 18.56 | 22.76 | 28.11 | 32.31 | 37.66 | 41.86 |
| Camarilla | 24.33 | 25.21 | 26.09 | 26.96 | 27.84 | 28.71 | 29.59 |
| Woodie | 12.64 | 18.27 | 22.19 | 27.82 | 31.74 | 37.37 | 41.29 |
| Fibonacci | 18.56 | 22.21 | 24.46 | 28.11 | 31.76 | 34.01 | 37.66 |
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): | 35.14 | |
| MACD (12,26,9): | -1.2200 | |
| Directional Movement: | -15.72 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 25.08 | |
| Parabolic SAR (0,02-0,02-0,2): | 26.94 | |
| Elder Ray (13): | -0.59 | |
| Super Trend (3,10): | 28.71 | |
| Zig ZAG (10): | 25.54 | |
| VORTEX (21): | 0.7000 | |
| Stochastique (14,3,5): | 35.25 | |
| TEMA (21): | 25.08 | |
| Williams %R (14): | -63.05 | |
| Chande Momentum Oscillator (20): | -0.94 | |
| Repulse (5,40,3): | 0.3900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.7000 | |
| Courbe Coppock: | 6.29 |
| MA7: | 26.13 | |
| MA20: | 26.14 | |
| MA50: | 29.63 | |
| MA100: | 32.62 | |
| MAexp7: | 25.82 | |
| MAexp20: | 26.80 | |
| MAexp50: | 29.33 | |
| MAexp100: | 33.32 | |
| Price / MA7: | -2.22% | |
| Price / MA20: | -2.26% | |
| Price / MA50: | -13.77% | |
| Price / MA100: | -21.67% | |
| Price / MAexp7: | -1.05% | |
| Price / MAexp20: | -4.66% | |
| Price / MAexp50: | -12.89% | |
| Price / MAexp100: | -23.32% |
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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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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