DASH - DASH/USD - 1H - Technical analysis published on 06/30/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
39%
11%
50%
My opinion
Bearish under 24.58 USD
My targets
24.12 USD (-0.86%)
23.49 USD (-3.45%)
My analysis
There is a bearish trend on DASH - DASH/USD both at the basic level and in the short term. A sale could be considered, so long as the price remains below 24.58 USD. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 24.12 USD. Then the price could move towards 23.49 USD. Then 23.14 USD by extension. Be careful, a return to above the resistance 24.58 USD would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps 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
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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 24.33 USD. The price is lower by -0.04% since the last closing and was traded between 23.61 USD and 24.74 USD over the period. The price is currently at +3.05% from its lowest and -1.66% from its highest.23.61
24.74
24.33
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 this 1H chart of DASH - DASH/USD indicates that the overall trend is bearish. The signals given by moving averages are at 64.29% bearish. This bearish trend shows slight signs of slowing down given the slightly bearish signals of short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, only 7 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 23.14 | 23.49 | 24.12 | 24.33 | 24.58 | 25.13 | 25.91 |
| Change (%) | -4.89% | -3.45% | -0.86% | - | +1.03% | +3.29% | +6.49% |
| Change | -1.19 | -0.84 | -0.21 | - | +0.25 | +0.80 | +1.58 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Intermediate | 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 | 23.37 | 23.85 | 24.10 | 24.58 | 24.83 | 25.31 | 25.56 |
| Camarilla | 24.14 | 24.21 | 24.27 | 24.34 | 24.41 | 24.47 | 24.54 |
| Woodie | 23.25 | 23.79 | 23.98 | 24.52 | 24.71 | 25.25 | 25.44 |
| Fibonacci | 23.85 | 24.13 | 24.30 | 24.58 | 24.86 | 25.03 | 25.31 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.62 | 20.88 | 22.61 | 23.87 | 25.60 | 26.86 | 28.59 |
| Camarilla | 23.52 | 23.79 | 24.07 | 24.34 | 24.61 | 24.89 | 25.16 |
| Woodie | 19.86 | 21.00 | 22.85 | 23.99 | 25.84 | 26.98 | 28.83 |
| Fibonacci | 20.88 | 22.02 | 22.73 | 23.87 | 25.01 | 25.72 | 26.86 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.92 | 24.47 | 27.34 | 29.89 | 32.76 | 35.31 | 38.18 |
| Camarilla | 28.71 | 29.21 | 29.70 | 30.20 | 30.70 | 31.19 | 31.69 |
| Woodie | 22.07 | 24.55 | 27.49 | 29.97 | 32.91 | 35.39 | 38.33 |
| Fibonacci | 24.47 | 26.54 | 27.82 | 29.89 | 31.96 | 33.24 | 35.31 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 47.78 | |
| MACD (12,26,9): | -0.0200 | |
| Directional Movement: | -2.38 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 24.38 | |
| Parabolic SAR (0,02-0,02-0,2): | 24.01 | |
| Elder Ray (13): | -0.05 | |
| Super Trend (3,10): | 24.15 | |
| Zig ZAG (10): | 24.39 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 70.21 | |
| TEMA (21): | 24.42 | |
| Williams %R (14): | -30.97 | |
| Chande Momentum Oscillator (20): | 0.72 | |
| Repulse (5,40,3): | -0.3300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 3.28 |
| MA7: | 24.25 | |
| MA20: | 24.67 | |
| MA50: | 27.51 | |
| MA100: | 30.14 | |
| MAexp7: | 24.44 | |
| MAexp20: | 24.43 | |
| MAexp50: | 24.48 | |
| MAexp100: | 24.39 | |
| Price / MA7: | +0.33% | |
| Price / MA20: | -1.38% | |
| Price / MA50: | -11.56% | |
| Price / MA100: | -19.28% | |
| Price / MAexp7: | -0.45% | |
| Price / MAexp20: | -0.41% | |
| Price / MAexp50: | -0.61% | |
| Price / MAexp100: | -0.25% |
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.
About author
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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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