DASH - DASH/USD - 1H - Technical analysis published on 04/02/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
67%
17%
17%
My opinion
Bullish above 64.12 USD
My targets
66.82 USD (+1.40%)
68.46 USD (+3.88%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on DASH - DASH/USD as long as the price remains well above 64.12 USD. The buyers” bullish objective is set at 66.82 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 68.46 USD. If there is any crossing, the next objective would be the resistance located at 70.37 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
7.7
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DASH - DASH/USD price is 65.90 USD. The price is lower by -0.62% since the last closing and was traded between 65.13 USD and 66.69 USD over the period. The price is currently at +1.18% from its lowest and -1.18% from its highest.65.13
66.69
65.90
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
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:
Technical
Technical analysis of this 1H chart of DASH - DASH/USD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a moderate bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Black gravestone / inverted hammer
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 60.62 | 62.52 | 64.12 | 65.90 | 66.82 | 68.46 | 70.37 |
| Change (%) | -8.01% | -5.13% | -2.70% | - | +1.40% | +3.88% | +6.78% |
| Change | -5.28 | -3.38 | -1.78 | - | +0.92 | +2.56 | +4.47 |
| Level | Minor | Major | Minor | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 59.62 | 61.07 | 63.69 | 65.14 | 67.76 | 69.21 | 71.83 |
| Camarilla | 65.19 | 65.56 | 65.94 | 66.31 | 66.68 | 67.06 | 67.43 |
| Woodie | 60.21 | 61.36 | 64.28 | 65.43 | 68.35 | 69.50 | 72.42 |
| Fibonacci | 61.07 | 62.63 | 63.59 | 65.14 | 66.70 | 67.66 | 69.21 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 48.64 | 55.00 | 60.27 | 66.63 | 71.90 | 78.26 | 83.53 |
| Camarilla | 62.33 | 63.40 | 64.46 | 65.53 | 66.60 | 67.66 | 68.73 |
| Woodie | 48.09 | 54.73 | 59.72 | 66.36 | 71.35 | 77.99 | 82.98 |
| Fibonacci | 55.00 | 59.45 | 62.19 | 66.63 | 71.08 | 73.82 | 78.26 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -25.51 | 4.23 | 34.62 | 64.36 | 94.75 | 124.49 | 154.88 |
| Camarilla | 48.46 | 53.98 | 59.49 | 65.00 | 70.51 | 76.02 | 81.54 |
| Woodie | -25.20 | 4.39 | 34.94 | 64.52 | 95.07 | 124.65 | 155.20 |
| Fibonacci | 4.23 | 27.20 | 41.39 | 64.36 | 87.33 | 101.52 | 124.49 |
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): | 56.80 | |
| MACD (12,26,9): | 0.4200 | |
| Directional Movement: | 18.56 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 66.12 | |
| Parabolic SAR (0,02-0,02-0,2): | 64.99 | |
| Elder Ray (13): | 0.33 | |
| Super Trend (3,10): | 64.74 | |
| Zig ZAG (10): | 65.85 | |
| VORTEX (21): | 1.2200 | |
| Stochastique (14,3,5): | 60.89 | |
| TEMA (21): | 66.39 | |
| Williams %R (14): | -50.64 | |
| Chande Momentum Oscillator (20): | 0.25 | |
| Repulse (5,40,3): | -1.2800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0900 | |
| Courbe Coppock: | 3.02 |
| MA7: | 65.43 | |
| MA20: | 62.57 | |
| MA50: | 81.46 | |
| MA100: | 85.22 | |
| MAexp7: | 66.00 | |
| MAexp20: | 65.59 | |
| MAexp50: | 65.12 | |
| MAexp100: | 65.05 | |
| Price / MA7: | +0.72% | |
| Price / MA20: | +5.32% | |
| Price / MA50: | -19.10% | |
| Price / MA100: | -22.67% | |
| Price / MAexp7: | -0.15% | |
| Price / MAexp20: | +0.47% | |
| Price / MAexp50: | +1.20% | |
| Price / MAexp100: | +1.31% |
This member declared not having a position on this financial instrument or a related financial instrument.
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