Londinia Opportunities Analyses - 12/31/2024 (GMT) DASH - DASH/USDT - 1H

DASH - DASH/USDT
- USDT (-)
- Real time data - CoinMarketCap
Type: Cryptocurrencies
Ticker: DASHUSDT
ISIN:

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
  • Cryptocurrencies
  • Timeframe : 1H
  • - Analysis generated on
  • Status : INVALID

Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 38.93 USDT
My targets
35.55 USDT (-5.82%)
35.31 USDT (-6.46%)
My analysis
DASH - DASH/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 38.93 USDT. The next support located at 35.55 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 35.31 USDT. Below this support, sellers could then target 25.12 USDT. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.5

Analysis too old. There are no more charts available.

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Additional analysis

Quotes

DASH - DASH/USDT rating 37.75 USDT. The price registered a decrease of -2.28% on the session with the lowest point at 37.58 USDT and the highest point at 39.45 USDT. The deviation from the price is +0.45% for the low point and -4.31% for the high point.

37.58
39.45
37.75

A study of price movements over other periods shows the following variations:

Technical


Technical analysis of this 1H chart of DASH - DASH/USDT indicates that the overall trend is strongly bearish. 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.

The probability of a further decline is moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour



The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 1 hour


Bullish harami cross

Type : Bullish

Timeframe : 1 hour


Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 25.12 35.31 37.64 37.75 38.93 41.57 43.10
Change (%) -33.46% -6.46% -0.29% - +3.13% +10.12% +14.17%
Change -12.63 -2.44 -0.11 - +1.18 +3.82 +5.35
Level Major Major Major - Intermediate Intermediate Major



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
Standard33.0235.3336.9839.2940.9443.2544.90
Camarilla37.5437.9038.2738.6338.9939.3639.72
Woodie32.6935.1736.6539.1340.6143.0944.57
Fibonacci35.3336.8437.7839.2940.8041.7443.25


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard21.2427.9035.5542.2149.8656.5264.17
Camarilla39.2840.5941.9043.2144.5245.8347.15
Woodie21.7528.1536.0642.4650.3756.7764.68
Fibonacci27.9033.3636.7442.2147.6751.0556.52


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard13.2118.8329.1434.7645.0750.6961.00
Camarilla35.0736.5337.9939.4540.9142.3743.83
Woodie15.5620.0031.4935.9347.4251.8663.35
Fibonacci18.8324.9228.6834.7640.8544.6150.69

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): 37.41
MACD (12,26,9): -0.3100
Directional Movement: -12.85
AROON (14): -57.15
DEMA (21): 37.90
Parabolic SAR (0,02-0,02-0,2): 39.32
Elder Ray (13): -0.53
Super Trend (3,10): 38.74
Zig ZAG (10): 37.61
VORTEX (21): 0.9700
Stochastique (14,3,5): 6.98
TEMA (21): 37.95
Williams %R (14): -92.51
Chande Momentum Oscillator (20): -0.71
Repulse (5,40,3): -1.0000
ROCnROLL: 2
TRIX (15,9): -0.0900
Courbe Coppock: 0.97
MA7: 40.73
MA20: 41.59
MA50: 40.50
MA100: 32.13
MAexp7: 37.99
MAexp20: 38.31
MAexp50: 38.95
MAexp100: 39.58
Price / MA7: -7.32%
Price / MA20: -9.23%
Price / MA50: -6.79%
Price / MA100: +17.49%
Price / MAexp7: -0.63%
Price / MAexp20: -1.46%
Price / MAexp50: -3.08%
Price / MAexp100: -4.62%

Quotes : - Real time data - Cryptocompare