Londinia Opportunities Analyses - 12/03/2021 (GMT) DAO MAKER - DAO/USDT - 1H

- USDT (-)

- Real time data - Cryptocompare

Type:	Cryptocurrencies
Ticker:	DAOUSDT
ISIN:

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.

Cryptocurrencies
Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

67%

11%

22%

My opinion

Bullish above 5.88 USDT

My targets

6.48 USDT (+6.71%)

6.54 USDT (+7.79%)

My analysis

DAO MAKER - DAO/USDT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 5.88 USDT. The next resistance located at 6.48 USDT is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 6.54 USDT. After this resistance, buyers could then target 7.50 USDT. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

7.9

Analysis too old. There are no more charts available.

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.

Additional analysis

Quotes

The DAO MAKER - DAO/USDT rating is 6.07 USDT. The price registered an increase of +2.36% on the session and was between 5.80 USDT and 6.13 USDT. This implies that the price is at +4.66% from its lowest and at -0.98% from its highest.

5.80

6.13

6.07

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by DAO MAKER - DAO/USDT:

The study of the highest / lowest by the Central Records scanner shows the following result:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Abnormal volumes on DAO MAKER - DAO/USDT were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 20 days

Technical

A technical analysis in 1H of this DAO MAKER - DAO/USDT chart shows a strongly bullish trend. 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The probability of a further increase are moderate given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	5.43	5.58	5.88	6.07
Change (%)	-10.54%	-8.07%	-3.13%	-
Change	-0.64	-0.49	-0.19	-
Level	Minor	Major	Minor	-

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	4.58	4.87	5.40	5.69	6.22	6.51	7.04
Camarilla	5.71	5.78	5.86	5.93	6.01	6.08	6.16
Woodie	4.70	4.93	5.52	5.75	6.34	6.57	7.16
Fibonacci	4.87	5.18	5.38	5.69	6.00	6.20	6.51

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.79	3.40	4.36	4.97	5.93	6.54	7.50
Camarilla	4.88	5.02	5.17	5.31	5.45	5.60	5.74
Woodie	2.96	3.49	4.53	5.06	6.10	6.63	7.67
Fibonacci	3.40	4.00	4.37	4.97	5.57	5.94	6.54

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.28	1.38	3.38	4.48	6.48	7.58	9.58
Camarilla	4.52	4.80	5.09	5.37	5.65	5.94	6.22
Woodie	0.72	1.61	3.82	4.71	6.92	7.81	10.02
Fibonacci	1.38	2.57	3.30	4.48	5.67	6.40	7.58

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):	61.84
MACD (12,26,9):	0.0900
Directional Movement:	15.41
AROON (14):	21.43
DEMA (21):	6.03
Parabolic SAR (0,02-0,02-0,2):	5.82
Elder Ray (13):	0.11
Super Trend (3,10):	5.68
Zig ZAG (10):	6.05
VORTEX (21):	1.1300
Stochastique (14,3,5):	71.63
TEMA (21):	6.04
Williams %R (14):	-26.44
Chande Momentum Oscillator (20):	0.15
Repulse (5,40,3):	1.0700
ROCnROLL:	1
TRIX (15,9):	0.2200
Courbe Coppock:	3.70

MA7:	5.50
MA20:	4.92
MA50:	3.70
MA100:	3.18
MAexp7:	6.00
MAexp20:	5.91
MAexp50:	5.75
MAexp100:	5.57
Price / MA7:	+10.36%
Price / MA20:	+23.37%
Price / MA50:	+64.05%
Price / MA100:	+90.88%
Price / MAexp7:	+1.17%
Price / MAexp20:	+2.71%
Price / MAexp50:	+5.57%
Price / MAexp100:	+8.98%

Quotes : - Real time data - Cryptocompare