Multi Collateral Dai Does it Again: Heads Down for the 3rd Straight Day

The Hourly View for Multi Collateral Dai

  • At the moment, DAI’s price is down $0 (0%) from the hour prior.
  • Multi Collateral Dai has seen its price go down 14 out of the past 14 hours, thus creating some compelling opportunities for bears.
  • If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 hour timeframes.
  • The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Multi Collateral Dai’s hourly price chart is shown below.

DAI

The Daily View for Multi Collateral Dai

  • At the time of this writing, DAI’s price is down $0 (0%) from the day prior.
  • It’s been a feast for bears operating on the daily timeframe, as Multi Collateral Dai has now gone down 4 of the past 5 days.
  • If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 day timeframes.
  • The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
  • Divergence between DAI’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in DAI’s price.

Below is a daily price chart of Multi Collateral Dai.

DAI

The Latest From DAI’s Blockchain

  • DAI has a number of daily new addresses of 1598, up 11.36% from its value day prior.
  • Over the past 29 weeks, DAI’s number of daily new addresses has been in a clear downtrend, falling by about 12.63 per day.
  • For DAI, its average transaction value is now at 146869.3268.

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1 – Dow – Bull2 – Candlesticks – Bull (Twizzer Bottom)3 – S&R – Bull (Support)4 – Trend – Bull (Trend Line Broken)5 – Divergence – NA6 – Seasonal Analysis – NA 7 – Chart Pattern – NA8 – Fib – Bull ( Fib bounce from 38.2)Bulls Vs Bear 5 – 0 Trading PlanRisk Level – 5%Stop Loss – 1.24575Entry – 1.25330Take Profit 1 – 1.25975Take Profit 2- Trailing Stop Loss

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