DASH - DASH/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	DASHUSD
ISIN:

DASH - DASH/USD - 1H - Technical analysis published on 07/21/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

17%

44%

39%

My opinion

Bullish above 27.48 USD

My targets

28.60 USD (+2.25%)

32.24 USD (+15.27%)

My analysis

Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 27.48 USD remains possible. It is advisable to trade DASH - DASH/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 27.48 USD. The next bullish objective for buyers is set at 28.60 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 32.24 USD. If there is any crossing, the next objective would be the resistance located at 35.65 USD. PS: if there is a bearish break in the support located at 27.48 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

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

Comment on the analysis

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.

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Additional analysis

Quotes

DASH - DASH/USD rating 27.97 USD. On the day, this instrument lost -0.11% and was traded between 27.92 USD and 28.22 USD over the period. The price is currently at +0.18% from its lowest and -0.89% from its highest.

27.92

28.22

27.97

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows an item:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of DASH - DASH/USD in 1H shows an overall bullish trend. 64.29% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. An assessment of moving averages reveals several bearish signals that could impact this trend:

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : 1 hour

Bearish trend reversal : Moving Average 100

Type : Bearish

Timeframe : 1 hour

The probability of a further decline is low given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Aroon indicator bearish trend

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	25.91	26.62	27.48	27.97	27.98	28.60	35.65
Change (%)	-7.37%	-4.83%	-1.75%	-	+0.04%	+2.25%	+27.46%
Change	-2.06	-1.35	-0.49	-	+0.01	+0.63	+7.68
Level	Major	Intermediate	Major	-	Intermediate	Minor	Minor

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	26.60	27.03	27.51	27.94	28.42	28.85	29.33
Camarilla	27.75	27.83	27.92	28.00	28.08	28.17	28.25
Woodie	26.64	27.04	27.55	27.95	28.46	28.86	29.37
Fibonacci	27.03	27.37	27.59	27.94	28.28	28.50	28.85

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	23.15	24.36	26.18	27.39	29.21	30.42	32.24
Camarilla	27.17	27.45	27.72	28.00	28.28	28.56	28.83
Woodie	23.46	24.51	26.49	27.54	29.52	30.57	32.55
Fibonacci	24.36	25.52	26.23	27.39	28.55	29.26	30.42

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.33	17.11	20.99	25.77	29.65	34.43	38.31
Camarilla	22.48	23.27	24.07	24.86	25.65	26.45	27.24
Woodie	11.87	16.89	20.53	25.55	29.19	34.21	37.85
Fibonacci	17.11	20.42	22.47	25.77	29.08	31.13	34.43

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):	51.63
MACD (12,26,9):	0.0900
Directional Movement:	3.69
AROON (14):	-28.57
DEMA (21):	28.10
Parabolic SAR (0,02-0,02-0,2):	28.28
Elder Ray (13):	-0.04
Super Trend (3,10):	27.59
Zig ZAG (10):	27.97
VORTEX (21):	0.9700
Stochastique (14,3,5):	34.62
TEMA (21):	28.08
Williams %R (14):	-72.22
Chande Momentum Oscillator (20):	-0.33
Repulse (5,40,3):	-0.4500
ROCnROLL:	-1
TRIX (15,9):	0.0700
Courbe Coppock:	0.31

MA7:	27.69
MA20:	25.40
MA50:	25.66
MA100:	27.63
MAexp7:	28.02
MAexp20:	27.97
MAexp50:	27.79
MAexp100:	27.55
Price / MA7:	+1.01%
Price / MA20:	+10.12%
Price / MA50:	+9.00%
Price / MA100:	+1.23%
Price / MAexp7:	-0.18%
Price / MAexp20:	-0%
Price / MAexp50:	+0.65%
Price / MAexp100:	+1.52%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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