DASH - DASH/USD - 1H - Technical analysis published on 09/23/2020 (GMT)
- Who voted?
- 149
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Strongly bearish
Technical indicators
50%
11%
39%
My opinion
Bearish under 68.77 USD
My targets
66.84 USD (-1.28%)
65.00 USD (-4.00%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on DASH - DASH/USD as long as the price remains well below 68.77 USD. The next bearish objective for sellers is set at 66.84 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 65.00 USD. If there is any crossing, the next objective would be the support located at 60.91 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
3.4
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
DASH - DASH/USD rating 67.71 USD. On the day, this instrument lost -0.43% with the lowest point at 66.60 USD and the highest point at 68.36 USD. The deviation from the price is +1.67% for the low point and -0.95% for the high point.66.60
68.36
67.71
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of DASH - DASH/USD indicates that the overall trend is strongly bearish. 82.14% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
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
An assessment of technical indicators shows a slightly bullish signal.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Bearish doji star
Type : Bearish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 60.91 | 65.00 | 66.84 | 67.71 | 68.77 | 70.64 | 72.28 |
| Change (%) | -10.04% | -4.00% | -1.28% | - | +1.57% | +4.33% | +6.75% |
| Change | -6.80 | -2.71 | -0.87 | - | +1.06 | +2.93 | +4.57 |
| Level | Minor | Intermediate | Major | - | Minor | Intermediate | Intermediate |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 64.70 | 65.68 | 66.84 | 67.82 | 68.98 | 69.96 | 71.12 |
| Camarilla | 67.41 | 67.61 | 67.80 | 68.00 | 68.20 | 68.39 | 68.59 |
| Woodie | 64.79 | 65.73 | 66.93 | 67.87 | 69.07 | 70.01 | 71.21 |
| Fibonacci | 65.68 | 66.50 | 67.00 | 67.82 | 68.64 | 69.14 | 69.96 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 60.28 | 65.43 | 69.12 | 74.27 | 77.96 | 83.11 | 86.80 |
| Camarilla | 70.37 | 71.18 | 71.99 | 72.80 | 73.61 | 74.42 | 75.23 |
| Woodie | 59.54 | 65.07 | 68.38 | 73.91 | 77.22 | 82.75 | 86.06 |
| Fibonacci | 65.43 | 68.81 | 70.90 | 74.27 | 77.65 | 79.74 | 83.11 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 54.05 | 67.52 | 77.91 | 91.38 | 101.77 | 115.24 | 125.63 |
| Camarilla | 81.73 | 83.92 | 86.10 | 88.29 | 90.48 | 92.66 | 94.85 |
| Woodie | 52.50 | 66.75 | 76.36 | 90.61 | 100.22 | 114.47 | 124.08 |
| Fibonacci | 67.52 | 76.64 | 82.27 | 91.38 | 100.50 | 106.13 | 115.24 |
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): | 48.16 | |
| MACD (12,26,9): | -0.1300 | |
| Directional Movement: | -15.59 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 67.60 | |
| Parabolic SAR (0,02-0,02-0,2): | 66.63 | |
| Elder Ray (13): | -0.18 | |
| Super Trend (3,10): | 66.88 | |
| Zig ZAG (10): | 67.71 | |
| VORTEX (21): | 0.7100 | |
| Stochastique (14,3,5): | 63.78 | |
| TEMA (21): | 67.67 | |
| Williams %R (14): | -36.93 | |
| Chande Momentum Oscillator (20): | -0.29 | |
| Repulse (5,40,3): | 0.6100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 1.82 |
| MA7: | 70.20 | |
| MA20: | 72.87 | |
| MA50: | 83.08 | |
| MA100: | 78.10 | |
| MAexp7: | 67.68 | |
| MAexp20: | 67.78 | |
| MAexp50: | 68.26 | |
| MAexp100: | 69.35 | |
| Price / MA7: | -3.55% | |
| Price / MA20: | -7.08% | |
| Price / MA50: | -18.50% | |
| Price / MA100: | -13.30% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | -0.10% | |
| Price / MAexp50: | -0.81% | |
| Price / MAexp100: | -2.36% |
Quotes :
2020-09-23 12:21:54
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis DASH - DASH/USD - 1H