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DAI

Technical analysis update: DAI (23rd July 2021)Daimler provides interesting setup. RSI and price show divergence. MACD and Stochastic attempt to reverse. Price traveled back towards its 20-day Simple Moving Average. In addition to that ADX contains high value which suggests that prevailing trend is at its peak. We would like to update our short term price target for DAI to 75 EUR and our medium term price target to 77.50 EUR. Disclaimer: This analysis is not intended to encourage buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
DLong
by Tradersweekly
OHM/DAI cup and handleUnique project that is in the growth phase trying to become a stable coin backed by assets from a treasury. You can buy bonds from the protocol by selling DAI, FRAX, and LP in return for OHM tokens at a lower price. As of now it has a 250mil MC roughly and you can earn 15.6k APY just by simply staking the tokens at app.olympusdao.finance using the metamask wallet. By doing so, you secure the protocol, and the more OHM supply staked, the less on the market to sell. Basically as long as the OHM price is stable or increasing you exponentially increase your gains by staking, and can still make money in a downtrend if the APY is high enough. I like to think of this project as an attempt at creating a decentralized algorithmic Federal Reserve. Cheers! Not financial advice, just an observation with info about the project.
OLong
by steinkampc
2
DAIUSDTHello to you all. Mars Signals team wishes you high profits at all times. We do not usually offer these currencies which are always pumped and dumped but we decided to post this currency because of the popular demand. While this currency has seen the 8976 price and then has had a horrific fall, we have drawn a line that after breaking it, the price would be able to see higher prices again. Warning: This is just a suggestion to you and we do not guarantee profits. Wish you luck!
by MarsSignals
DAI Project Overview & Chart Analysis- Here we have good consolidation, good volume coming in and prices moving above EMA10 (green line on the chart). - The "moving above EMA10" signal is only confirmed when the weekly candle closes, which is after Sunday. If prices move and close below EMA10 weekly you can disregard this signal as it is invalidated. When the signal is yet to be confirmed, we call it an "early signal". This is one of those. - We also have a Falling Wedge pattern. Both trendlines, candle close and wick, are now being conquered. (The are bullish signals of course) -The RSI is strong above 44... Remember that we are looking at the weekly timeframe, above 30 is good here. When we look at the daily timeframe, we look for an RSI above 40 to consider it good and above 50 to consider it strong/bullish. -Finally, we have the MACD which is printing bullish cross coming out of the lows and the histogram just printed the first green bar... This can easily lead to higher prices: This one is a stablecoin so it is also good if you just want to park some money there... Same as with Paxos Standard. If the BTC pair goes low, you can always cash out your initial value through the USD pair. This is not financial advice. Remember to do your own research and build your own plan before you trade. Namaste.
Long
by AlanSantana
1
DAI buy set upInverted Head and Shoulder is here, D chart. One of the most precise reversal signals. But, does BREXIT is responsible for these price movements?? I dont know, but I know next: If you already hold a buy, put positive S/L and protect your s. If you are thinking t go in, wait. MA200 is, beside of neckline, reliable resistance level so some price opposite move is expected. On top of that, RSI... If you like to hold stocks this one is good, the dividend is great! My play is exit form my buy, and monitor what will happen next week.
DLong
by DejanDjekic