DAI - DAI/USD - 1H - Technical analysis published on 04/17/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
28%
50%
My opinion
Bullish above 0.998881 USD
My targets
1.001108 USD (+0.13%)
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 0.998881 USD remains possible. It is advisable to trade DAI - DAI/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.998881 USD. The next bullish objective for buyers is set at 1.001108 USD. A bullish break in this resistance would boost the bullish momentum. PS: if there is a bearish break in the support located at 0.998881 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.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
3
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Additional analysis
Quotes
The DAI - DAI/USD price is 0.999787 USD. On the day, this instrument gained +0.00% and was traded between 0.999259 USD and 1.003837 USD over the period. The price is currently at +0.05% from its lowest and -0.40% from its highest.0.999259
1.003837
0.999787
Here is a more detailed summary of the historical variations registered by DAI - DAI/USD:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this DAI - DAI/USD chart shows a bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 9 are neutral and 5 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.998491 | 0.998881 | 0.999296 | 0.999787 | 0.999993 | 1.001108 | 1.003000 |
| Change (%) | -0.13% | -0.09% | -0.05% | - | +0.02% | +0.13% | +0.32% |
| Change | -0.001296 | -0.000906 | -0.000491 | - | +0.000206 | +0.001321 | +0.003213 |
| Level | Minor | Minor | Intermediate | - | Major | 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 | 0.997154 | 0.997847 | 0.998831 | 0.999524 | 1.000508 | 1.001201 | 1.002185 |
| Camarilla | 0.999353 | 0.999507 | 0.999660 | 0.999814 | 0.999968 | 1.000122 | 1.000275 |
| Woodie | 0.997299 | 0.997920 | 0.998976 | 0.999597 | 1.000653 | 1.001274 | 1.002330 |
| Fibonacci | 0.997847 | 0.998488 | 0.998884 | 0.999524 | 1.000165 | 1.000561 | 1.001201 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.995413 | 0.996801 | 0.998200 | 0.999588 | 1.000987 | 1.002375 | 1.003774 |
| Camarilla | 0.998832 | 0.999087 | 0.999343 | 0.999598 | 0.999854 | 1.000109 | 1.000364 |
| Woodie | 0.995418 | 0.996804 | 0.998205 | 0.999591 | 1.000992 | 1.002378 | 1.003779 |
| Fibonacci | 0.996801 | 0.997866 | 0.998524 | 0.999588 | 1.000653 | 1.001311 | 1.002375 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.986079 | 0.991940 | 0.995934 | 1.001795 | 1.005789 | 1.011650 | 1.015644 |
| Camarilla | 0.997218 | 0.998121 | 0.999025 | 0.999928 | 1.000831 | 1.001735 | 1.002638 |
| Woodie | 0.985146 | 0.991473 | 0.995001 | 1.001328 | 1.004856 | 1.011183 | 1.014711 |
| Fibonacci | 0.991940 | 0.995705 | 0.998030 | 1.001795 | 1.005560 | 1.007885 | 1.011650 |
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): | 49.93 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 28.332015 | |
| AROON (14): | 21.428571 | |
| DEMA (21): | 0.999892 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.999671 | |
| Elder Ray (13): | -0.000010 | |
| Super Trend (3,10): | 1.000166 | |
| Zig ZAG (10): | 0.999795 | |
| VORTEX (21): | 1.0288 | |
| Stochastique (14,3,5): | 11.98 | |
| TEMA (21): | 0.999904 | |
| Williams %R (14): | -86.87 | |
| Chande Momentum Oscillator (20): | 0.000164 | |
| Repulse (5,40,3): | -0.0317 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0009 | |
| Courbe Coppock: | 0.01 |
| MA7: | 0.999645 | |
| MA20: | 0.999791 | |
| MA50: | 0.999862 | |
| MA100: | 0.999652 | |
| MAexp7: | 0.999867 | |
| MAexp20: | 0.999819 | |
| MAexp50: | 0.999731 | |
| MAexp100: | 0.999699 | |
| Price / MA7: | +0.01% | |
| Price / MA20: | +0.00% | |
| Price / MA50: | -0.01% | |
| Price / MA100: | +0.01% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | +0.00% | |
| Price / MAexp50: | +0.01% | |
| Price / MAexp100: | +0.01% |
Quotes :
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Real time data
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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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