DIGIX DAO - DGD/USDT - Daily - Technical analysis published on 11/08/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
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DIGIX DAO - DGD/USDT Chart
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Strongly bearish
Technical indicators
28%
28%
44%
My opinion
Bearish under 12.66 USDT
My targets
8.98 USDT (-27.93%)
5.66 USDT (-54.57%)
My analysis
With a strongly bearish trend, the price of DIGIX DAO - DGD/USDT is trying to inflate a little while more or less stagnating in the short term. Is the price preparing for a rebound or a bearish rally recovery? Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 12.66 USDT remains possible. It would be possible for traders to only trade short positions (for sale) on DIGIX DAO - DGD/USDT as long as the price remains well below 12.66 USDT. The next bearish objective for sellers is set at 8.98 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 5.66 USDT. In case of crossing, the next objective would be the support located at 0.33 USDT.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
4.3
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This analysis was given by Vincent Launay.
Additional analysis
Quotes
DIGIX DAO - DGD/USDT rating 12.46 USDT. The price registered a decrease of -3.04% on the session and was traded between 12.46 USDT and 13.64 USDT over the period. The price is currently at 0% from its lowest and -8.65% from its highest.12.46
13.64
12.46
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by DIGIX DAO - DGD/USDT:
Technical
A technical analysis in Daily of this DIGIX DAO - DGD/USDT chart shows a sharp bearish trend. 82.14% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the strongly bearish trend is showing signs of running out of steam. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 12.46 | 12.66 | 15.54 | 25.10 |
| Change (%) | - | +1.61% | +24.72% | +101.44% |
| Change | - | +0.20 | +3.08 | +12.64 |
| Level | - | Major | Intermediate | 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 | 12.29 | 12.57 | 12.71 | 12.99 | 13.13 | 13.41 | 13.55 |
| Camarilla | 12.74 | 12.77 | 12.81 | 12.85 | 12.89 | 12.93 | 12.97 |
| Woodie | 12.22 | 12.54 | 12.64 | 12.96 | 13.06 | 13.38 | 13.48 |
| Fibonacci | 12.57 | 12.73 | 12.83 | 12.99 | 13.15 | 13.25 | 13.41 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.46 | 10.04 | 11.66 | 13.24 | 14.86 | 16.44 | 18.06 |
| Camarilla | 12.41 | 12.70 | 13.00 | 13.29 | 13.58 | 13.88 | 14.17 |
| Woodie | 8.49 | 10.05 | 11.69 | 13.25 | 14.89 | 16.45 | 18.09 |
| Fibonacci | 10.04 | 11.26 | 12.01 | 13.24 | 14.46 | 15.21 | 16.44 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.33 | 5.66 | 8.98 | 14.31 | 17.63 | 22.96 | 26.28 |
| Camarilla | 9.92 | 10.71 | 11.51 | 12.30 | 13.09 | 13.89 | 14.68 |
| Woodie | -0.68 | 5.16 | 7.98 | 13.81 | 16.63 | 22.46 | 25.28 |
| Fibonacci | 5.66 | 8.96 | 11.01 | 14.31 | 17.61 | 19.66 | 22.96 |
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): | 47.60 | |
| MACD (12,26,9): | -0.0600 | |
| Directional Movement: | 10.03 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 12.55 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.43 | |
| Elder Ray (13): | 0.36 | |
| Super Trend (3,10): | 15.48 | |
| Zig ZAG (10): | 12.46 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 44.73 | |
| TEMA (21): | 12.82 | |
| Williams %R (14): | -72.09 | |
| Chande Momentum Oscillator (20): | 0.00 | |
| Repulse (5,40,3): | -16.1400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1700 | |
| Courbe Coppock: | 14.86 |
| MA7: | 12.92 | |
| MA20: | 12.39 | |
| MA50: | 12.91 | |
| MA100: | 15.27 | |
| MAexp7: | 12.75 | |
| MAexp20: | 12.69 | |
| MAexp50: | 13.36 | |
| MAexp100: | 15.41 | |
| Price / MA7: | -3.56% | |
| Price / MA20: | +0.56% | |
| Price / MA50: | -3.49% | |
| Price / MA100: | -18.40% | |
| Price / MAexp7: | -2.27% | |
| Price / MAexp20: | -1.81% | |
| Price / MAexp50: | -6.74% | |
| Price / MAexp100: | -19.14% |
This member declared not having a position on this financial instrument or a related financial instrument.
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