DASH - DASH/USD - 1H - Technical analysis published on 11/17/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 28.34 USD
My targets
31.14 USD (+3.90%)
34.33 USD (+14.56%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on DASH - DASH/USD as long as the price remains well above 28.34 USD. The buyers' bullish objective is set at 31.14 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 34.33 USD. If there is any crossing, the next objective would be the resistance located at 45.15 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.9
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.
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Additional analysis
Quotes
The DASH - DASH/USD price is 29.97 USD. On the day, this instrument lost -0.17% and was traded between 29.92 USD and 30.31 USD over the period. The price is currently at +0.17% from its lowest and -1.12% from its highest.29.92
30.31
29.97
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of DASH - DASH/USD in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish 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, 11 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 25.77 | 27.21 | 28.03 | 29.97 | 30.03 | 31.14 | 45.15 |
| Change (%) | -14.01% | -9.21% | -6.47% | - | +0.20% | +3.90% | +50.65% |
| Change | -4.20 | -2.76 | -1.94 | - | +0.06 | +1.17 | +15.18 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25.50 | 26.59 | 28.31 | 29.40 | 31.12 | 32.21 | 33.93 |
| Camarilla | 29.25 | 29.51 | 29.76 | 30.02 | 30.28 | 30.54 | 30.79 |
| Woodie | 25.81 | 26.75 | 28.62 | 29.56 | 31.43 | 32.37 | 34.24 |
| Fibonacci | 26.59 | 27.67 | 28.33 | 29.40 | 30.48 | 31.14 | 32.21 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.20 | 22.35 | 26.19 | 28.34 | 32.18 | 34.33 | 38.17 |
| Camarilla | 28.37 | 28.92 | 29.47 | 30.02 | 30.57 | 31.12 | 31.67 |
| Woodie | 21.04 | 22.77 | 27.03 | 28.76 | 33.02 | 34.75 | 39.01 |
| Fibonacci | 22.35 | 24.64 | 26.06 | 28.34 | 30.63 | 32.05 | 34.33 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.71 | 18.89 | 20.54 | 22.72 | 24.37 | 26.55 | 28.20 |
| Camarilla | 21.13 | 21.48 | 21.83 | 22.18 | 22.53 | 22.88 | 23.23 |
| Woodie | 16.44 | 18.76 | 20.27 | 22.59 | 24.10 | 26.42 | 27.93 |
| Fibonacci | 18.89 | 20.36 | 21.26 | 22.72 | 24.19 | 25.09 | 26.55 |
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): | 75.75 | |
| MACD (12,26,9): | 0.7400 | |
| Directional Movement: | 31.11 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 30.33 | |
| Parabolic SAR (0,02-0,02-0,2): | 29.86 | |
| Elder Ray (13): | 0.51 | |
| Super Trend (3,10): | 29.10 | |
| Zig ZAG (10): | 30.22 | |
| VORTEX (21): | 1.2600 | |
| Stochastique (14,3,5): | 84.58 | |
| TEMA (21): | 30.46 | |
| Williams %R (14): | -13.73 | |
| Chande Momentum Oscillator (20): | 1.41 | |
| Repulse (5,40,3): | 1.0000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3900 | |
| Courbe Coppock: | 11.34 |
| MA7: | 27.39 | |
| MA20: | 24.59 | |
| MA50: | 23.98 | |
| MA100: | 24.39 | |
| MAexp7: | 30.02 | |
| MAexp20: | 29.24 | |
| MAexp50: | 28.02 | |
| MAexp100: | 27.06 | |
| Price / MA7: | +9.42% | |
| Price / MA20: | +21.88% | |
| Price / MA50: | +24.98% | |
| Price / MA100: | +22.88% | |
| Price / MAexp7: | -0.17% | |
| Price / MAexp20: | +2.50% | |
| Price / MAexp50: | +6.96% | |
| Price / MAexp100: | +10.75% |
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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