DASH - DASH/USD - 1H - Technical analysis published on 11/17/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
28%
50%
My opinion
Bearish under 30.81 USD
My targets
30.02 USD (-1.61%)
29.00 USD (-4.95%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on DASH - DASH/USD as long as the price remains well below 30.81 USD. The sellers' bearish objective is set at 30.02 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 29.00 USD. In case of crossing, the next objective would be the support located at 28.01 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DASH - DASH/USD price is 30.51 USD. On the day, this instrument lost -0.39% and was between 29.55 USD and 31.29 USD. This implies that the price is at +3.25% from its lowest and at -2.49% from its highest.29.55
31.29
30.51
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of DASH - DASH/USD in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
White hanging man / hammer
Type : Neutral
Timeframe : 1 hour
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 | 28.01 | 29.00 | 30.02 | 30.51 | 30.81 | 32.94 | 34.20 |
| Change (%) | -8.19% | -4.95% | -1.61% | - | +0.98% | +7.96% | +12.09% |
| Change | -2.50 | -1.51 | -0.49 | - | +0.30 | +2.43 | +3.69 |
| Level | Intermediate | Major | Major | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 27.03 | 28.55 | 29.59 | 31.11 | 32.15 | 33.67 | 34.71 |
| Camarilla | 29.93 | 30.16 | 30.40 | 30.63 | 30.87 | 31.10 | 31.33 |
| Woodie | 26.79 | 28.43 | 29.35 | 30.99 | 31.91 | 33.55 | 34.47 |
| Fibonacci | 28.55 | 29.53 | 30.13 | 31.11 | 32.09 | 32.69 | 33.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.38 | 26.19 | 29.65 | 31.46 | 34.92 | 36.73 | 40.19 |
| Camarilla | 31.65 | 32.13 | 32.62 | 33.10 | 33.58 | 34.07 | 34.55 |
| Woodie | 25.20 | 26.60 | 30.47 | 31.87 | 35.74 | 37.14 | 41.01 |
| Fibonacci | 26.19 | 28.21 | 29.45 | 31.46 | 33.48 | 34.72 | 36.73 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.30 | 21.95 | 25.64 | 28.29 | 31.98 | 34.63 | 38.32 |
| Camarilla | 27.59 | 28.17 | 28.75 | 29.33 | 29.91 | 30.49 | 31.07 |
| Woodie | 19.82 | 22.21 | 26.16 | 28.55 | 32.50 | 34.89 | 38.84 |
| Fibonacci | 21.95 | 24.37 | 25.87 | 28.29 | 30.71 | 32.21 | 34.63 |
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): | 43.69 | |
| MACD (12,26,9): | -0.2400 | |
| Directional Movement: | -20.81 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 30.29 | |
| Parabolic SAR (0,02-0,02-0,2): | 30.62 | |
| Elder Ray (13): | -0.14 | |
| Super Trend (3,10): | 30.97 | |
| Zig ZAG (10): | 30.48 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 56.54 | |
| TEMA (21): | 30.31 | |
| Williams %R (14): | -39.24 | |
| Chande Momentum Oscillator (20): | -0.32 | |
| Repulse (5,40,3): | 0.4600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1200 | |
| Courbe Coppock: | 3.57 |
| MA7: | 31.89 | |
| MA20: | 30.76 | |
| MA50: | 28.24 | |
| MA100: | 27.53 | |
| MAexp7: | 30.45 | |
| MAexp20: | 30.62 | |
| MAexp50: | 31.06 | |
| MAexp100: | 31.43 | |
| Price / MA7: | -4.33% | |
| Price / MA20: | -0.81% | |
| Price / MA50: | +8.04% | |
| Price / MA100: | +10.82% | |
| Price / MAexp7: | +0.20% | |
| Price / MAexp20: | -0.36% | |
| Price / MAexp50: | -1.77% | |
| Price / MAexp100: | -2.93% |
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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