Londinia Opportunities Analyses - 06/10/2023 (GMT) DEFIPULSE INDEX - DPI/ETH - Daily

DEFIPULSE INDEX - DPI/ETH
- ETH (-)
- Real time data - Cryptocompare
Type: Cryptocurrencies
Ticker: DPIETH
ISIN:

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
  • Cryptocurrencies
  • Timeframe : Daily
  • - Analysis generated on
  • Status : INVALID

Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 0.033440 ETH
My targets
0.030663 ETH (-5.83%)
0.027887 ETH (-14.35%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on DEFIPULSE INDEX - DPI/ETH as long as the price remains well below 0.033440 ETH. The sellers' bearish objective is set at 0.030663 ETH. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.027887 ETH. In case of crossing, the next objective would be the support located at 0.022713 ETH. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
7.3

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.

Additional analysis

Quotes

The DEFIPULSE INDEX - DPI/ETH rating is 0.032560 ETH. On the day, this instrument lost -9.38% with the lowest point at 0.026790 ETH and the highest point at 0.036140 ETH. The deviation from the price is +21.54% for the low point and -9.91% for the high point.

0.026790
0.036140
0.032560

A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

New LOW record (1 year)

Type : Bearish

Timeframe : Weekly


New LOW record (1st january)

Type : Bearish

Timeframe : Weekly


New LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in Journalier of this DEFIPULSE INDEX - DPI/ETH chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily


MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : Daily


Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily



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

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
R1
R2
R3
Price


PriceR1R2R3
ProTrendLines 0.032560 0.033440 0.040036 0.045969
Change (%) - +2.70% +22.96% +41.18%
Change - +0.000880 +0.007476 +0.013409
Level - Major Minor Intermediate



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
Standard0.0286270.0302030.0330670.0346430.0375070.0390830.041947
Camarilla0.0347090.0351160.0355230.0359300.0363370.0367440.037151
Woodie0.0292700.0305250.0337100.0349650.0381500.0394050.042590
Fibonacci0.0302030.0318990.0329470.0346430.0363390.0373870.039083


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0266200.0298400.0323200.0355400.0380200.0412400.043720
Camarilla0.0332330.0337550.0342780.0348000.0353230.0358450.036368
Woodie0.0262500.0296550.0319500.0353550.0376500.0410550.043350
Fibonacci0.0298400.0320170.0333630.0355400.0377170.0390630.041240


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0227130.0278870.0306630.0358370.0386130.0437870.046563
Camarilla0.0312540.0319830.0327110.0334400.0341690.0348980.035626
Woodie0.0215150.0272880.0294650.0352380.0374150.0431880.045365
Fibonacci0.0278870.0309240.0328000.0358370.0388740.0407500.043787

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): 43.86
MACD (12,26,9): -0.0008
Directional Movement: -10.740617
AROON (14): -100.000000
DEMA (21): 0.034760
Parabolic SAR (0,02-0,02-0,2): 0.037114
Elder Ray (13): -0.003916
Super Trend (3,10): 0.046445
Zig ZAG (10): 0.032650
VORTEX (21): 0.9089
Stochastique (14,3,5): 51.38
TEMA (21): 0.034728
Williams %R (14): -51.04
Chande Momentum Oscillator (20): -0.002110
Repulse (5,40,3): 6.3487
ROCnROLL: 2
TRIX (15,9): -0.2454
Courbe Coppock: 8.27
MA7: 0.034981
MA20: 0.035762
MA50: 0.037149
MA100: 0.041205
MAexp7: 0.034866
MAexp20: 0.035786
MAexp50: 0.037569
MAexp100: 0.040795
Price / MA7: -6.92%
Price / MA20: -8.95%
Price / MA50: -12.35%
Price / MA100: -20.98%
Price / MAexp7: -6.61%
Price / MAexp20: -9.01%
Price / MAexp50: -13.33%
Price / MAexp100: -20.19%

Quotes : - Real time data - Cryptocompare