DAI - DAI/USD - 1H - Technical analysis published on 05/19/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
17%
67%
17%
My opinion
Bearish under 1.000411 USD
My targets
0.999448 USD (-0.06%)
0.999006 USD (-0.10%)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for DAI - DAI/USD as long as the price remains well below 1.000411 USD. The next bearish objective for sellers is set at 0.999448 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.999006 USD. In case of crossing, the next objective would be the support located at 0.998612 USD. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 0.999448 USD. With this support, against the trend traders who want to buy DAI - DAI/USD on a buy signal from their trading strategy should not hesitate to act.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
2.3
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.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DAI - DAI/USD price is 1.000017 USD. The price registered a decrease of -0.01% on the session and was between 0.999795 USD and 1.000078 USD. This implies that the price is at +0.02% from its lowest and at -0.01% from its highest.0.999795
1.000078
1.000017
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:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of DAI - DAI/USD in 1H shows an overall slightly bullish trend. 53.57% of the signals given by moving averages are bullish. Caution: a reversal of the trend could be possible given the strong bearish signals of short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, 12 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
MACD indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
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 support of triangle
Type : Bullish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.999188 | 0.999448 | 0.999929 | 1.000017 | 1.000217 | 1.000411 | 1.000634 |
| Change (%) | -0.08% | -0.06% | -0.01% | - | +0.02% | +0.04% | +0.06% |
| Change | -0.000829 | -0.000569 | -0.000088 | - | +0.000200 | +0.000394 | +0.000617 |
| Level | Intermediate | Intermediate | Major | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.997750 | 0.998562 | 0.999320 | 1.000132 | 1.000890 | 1.001702 | 1.002460 |
| Camarilla | 0.999646 | 0.999790 | 0.999934 | 1.000078 | 1.000222 | 1.000366 | 1.000510 |
| Woodie | 0.997723 | 0.998549 | 0.999293 | 1.000119 | 1.000863 | 1.001689 | 1.002433 |
| Fibonacci | 0.998562 | 0.999162 | 0.999532 | 1.000132 | 1.000732 | 1.001102 | 1.001702 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.996198 | 0.997321 | 0.998699 | 0.999822 | 1.001200 | 1.002323 | 1.003701 |
| Camarilla | 0.999390 | 0.999620 | 0.999849 | 1.000078 | 1.000307 | 1.000537 | 1.000766 |
| Woodie | 0.996327 | 0.997385 | 0.998828 | 0.999886 | 1.001329 | 1.002387 | 1.003830 |
| Fibonacci | 0.997321 | 0.998276 | 0.998866 | 0.999822 | 1.000777 | 1.001367 | 1.002323 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.991786 | 0.994988 | 0.997433 | 1.000635 | 1.003080 | 1.006282 | 1.008727 |
| Camarilla | 0.998325 | 0.998843 | 0.999360 | 0.999878 | 1.000396 | 1.000913 | 1.001431 |
| Woodie | 0.991408 | 0.994799 | 0.997055 | 1.000446 | 1.002702 | 1.006093 | 1.008349 |
| Fibonacci | 0.994988 | 0.997145 | 0.998478 | 1.000635 | 1.002792 | 1.004125 | 1.006282 |
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): | 43.48 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -23.491172 | |
| AROON (14): | -35.714286 | |
| DEMA (21): | 1.000360 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.000738 | |
| Elder Ray (13): | -0.000231 | |
| Super Trend (3,10): | 0.999320 | |
| Zig ZAG (10): | 1.000069 | |
| VORTEX (21): | 1.0186 | |
| Stochastique (14,3,5): | 32.14 | |
| TEMA (21): | 1.000221 | |
| Williams %R (14): | -74.23 | |
| Chande Momentum Oscillator (20): | -0.000652 | |
| Repulse (5,40,3): | -0.0051 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0013 | |
| Courbe Coppock: | 0.06 |
| MA7: | 0.999754 | |
| MA20: | 0.999776 | |
| MA50: | 0.999789 | |
| MA100: | 0.999809 | |
| MAexp7: | 1.000192 | |
| MAexp20: | 1.000318 | |
| MAexp50: | 1.000185 | |
| MAexp100: | 1.000027 | |
| Price / MA7: | +0.03% | |
| Price / MA20: | +0.02% | |
| Price / MA50: | +0.02% | |
| Price / MA100: | +0.02% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | -0.02% | |
| Price / MAexp100: | +0.00% |
Quotes :
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Real time data
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