Multi Collateral Dai May Be Offering a Trading Opportunity With Its Cross Above Its 50 Moving Average

The Hourly View for Multi Collateral Dai

  • Currently, DAI’s price is down $0 (-0.1%) from the hour prior.
  • It’s been a feast for bears operating on an hourly timeframe, as Multi Collateral Dai has now gone down 8 of the past 10 hours.
  • From a hourly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 hour timeframes.
  • Most noteworthy in the world of moving averages on the hourly chart is that the 100, 20, 200 and 50 hour moving averages have been crossed, so that price is now turning below them. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

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

DAI

The Daily View for Multi Collateral Dai

  • Currently, DAI’s price is down $0 (-0.1%) from the day prior.
  • It’s been a feast for bears operating on the daily timeframe, as Multi Collateral Dai has now gone down 9 of the past 10 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.
  • Regarding moving averages, it should first be noted that price has crossed the 20, 200 and 50 day moving averages, resulting in them so that price is now turning below them. 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.

Below is a daily price chart of Multi Collateral Dai.

DAI

The Latest From DAI’s Blockchain

  • Over the past 29 weeks, the trend for DAI’s daily transaction count has been choppy and unclear. It has oscillated between 8644 and 39836.
  • For DAI, its number of daily new addresses is now at 2023.
  • DAI has a count of active addresses of 7178, down 10.39% from its value 1 days prior.

Featured NA Idea From TradingView

Below is a trading comment entitled USDCHF BUY you may find interesting:

da stoe pusto e sine kosto va derbi see byzeta na steom nasteur Usd seti baho volo se simo eto,ispa de la cano retu seto bano serpemo sude pisto dero bus de oil be Usa ta Bulgaria sedo hidroce kus bemore,H4 su de bi nemo buda ik ce demro pas tu ite dhe gude

azem1aliaj