Market survey techniques for analysis Dai (DAI)
DAI or digital currency asset is a decentralized digital asset that can be used as a form of payment, investment and speculation. As the second largest cryptocurrency, according to market capitalization after Bitcoine, Dai has recently gained considerable attention. In order to understand the current status of DAI and make informed investment decisions, it is necessary to analyze market trends and technical indicators.
Market Overview
Dai was created in 2017 as Stablacoin tied to the value of the US dollar (USD). The aim of the project was to provide investors with safe Haven for investors who are trying to secure themselves against traditional names or other cryptomes that have historically experienced price volatility. Since its launch, DAI has gained popularity between institutional and individual investors thanks to low transaction fees, rapid settlement times and broad adoption.
Market survey techniques
We will use a combination of technical indicators and basic analysis techniques to analyze DAI trends:
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- Average diameters
: We will use sliding diameters (MA) to identify the reversal of trends and predict future prices movements.
- Relative force index (RSI) : RSI will be used to measure the force of the price of DAI and potential excessive/surrendered conditions.
- Bollinger’s bands : We analyze the Bollinger’s bands to evaluate volatility and identify areas of support/resistance.
- Support and resistance levels : We will examine a low and high market level, including any significant levels of resistance or support that have been tested in the past.
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Technical indicators
We will use a number of technical indicators to analyze DAI market trends:
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- Stochastic oscillator : Use a stochastic oscillator to determine the DAI dynamics and potential excessive and sold conditions.
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Basic analysis
We will examine the DAI financial statements, the balance sheet and the management team to evaluate our basic business model and potential future growth:
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- Expenditure : We will assess the costs associated with the development and maintenance of the DAI network.
- Management team : We will evaluate the experience and qualification of DAI management team.
Analysis of Sentiment on Market
We analyze the market sentiment in order to identify potential purchasing/sales signals:
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- ** Financial report sentiment: We will review articles on financial reports to evaluate market expectations and analysts’ opinions.
Conclusion
The conclusion is that Dai is a promising cryptom with a strong market position. By analyzing technical indicators, basic analysis techniques, chart patterns and market sentiment, we can identify potential trends and forecasts of the future performance of DAI.
However, it is necessary to note that in the past performance does not indicate future results and investing in cryptocurrency poses natural risks.
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