POLKADOT - DOT/USDT - 15 min. - Technical analysis published on 06/24/2022 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
39%
17%
44%
My opinion
Bullish above 7.66 USDT
My targets
8.11 USDT (+0.21%)
8.39 USDT (+3.75%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on POLKADOT - DOT/USDT as long as the price remains well above 7.66 USDT. The buyers' bullish objective is set at 8.11 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 8.39 USDT. If there is any crossing, the next objective would be the resistance located at 8.77 USDT. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.7
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This analysis was given by mywong. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The POLKADOT - DOT/USDT price is 8.09 USDT. The price has increased by +3.99% since the last closing with the lowest point at 7.73 USDT and the highest point at 8.19 USDT. The deviation from the price is +4.66% for the low point and -1.22% for the high point.7.73
8.19
8.09
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by POLKADOT - DOT/USDT:
Technical
A technical analysis in 15 min. of this POLKADOT - DOT/USDT chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 15 minutes
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 15 minutes
In fact, only 7 technical indicators out of 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.45 | 7.82 | 8.02 | 8.09 | 8.26 | 8.77 | 10.96 |
| Change (%) | -7.91% | -3.34% | -0.87% | - | +2.10% | +8.41% | +35.48% |
| Change | -0.64 | -0.27 | -0.07 | - | +0.17 | +0.68 | +2.87 |
| Level | Major | Major | Minor | - | Intermediate | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.04 | 7.21 | 7.49 | 7.66 | 7.94 | 8.11 | 8.39 |
| Camarilla | 7.66 | 7.70 | 7.74 | 7.78 | 7.82 | 7.86 | 7.90 |
| Woodie | 7.11 | 7.24 | 7.56 | 7.69 | 8.01 | 8.14 | 8.46 |
| Fibonacci | 7.21 | 7.38 | 7.49 | 7.66 | 7.83 | 7.94 | 8.11 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.66 | 5.02 | 6.04 | 7.40 | 8.42 | 9.78 | 10.80 |
| Camarilla | 6.40 | 6.61 | 6.83 | 7.05 | 7.27 | 7.49 | 7.71 |
| Woodie | 3.48 | 4.94 | 5.86 | 7.32 | 8.24 | 9.70 | 10.62 |
| Fibonacci | 5.02 | 5.93 | 6.49 | 7.40 | 8.31 | 8.87 | 9.78 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.43 | 3.45 | 6.90 | 10.78 | 14.23 | 18.11 | 21.56 |
| Camarilla | 8.33 | 9.01 | 9.68 | 10.35 | 11.02 | 11.69 | 12.37 |
| Woodie | -0.65 | 3.34 | 6.69 | 10.67 | 14.02 | 18.00 | 21.35 |
| Fibonacci | 3.45 | 6.25 | 7.98 | 10.78 | 13.58 | 15.31 | 18.11 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 52.69 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | 0.83 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 8.11 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.14 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 7.98 | |
| Zig ZAG (10): | 8.09 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 46.91 | |
| TEMA (21): | 8.10 | |
| Williams %R (14): | -40.72 | |
| Chande Momentum Oscillator (20): | -0.04 | |
| Repulse (5,40,3): | 0.6100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 0.71 |
| MA7: | 7.64 | |
| MA20: | 8.06 | |
| MA50: | 9.47 | |
| MA100: | 14.24 | |
| MAexp7: | 8.08 | |
| MAexp20: | 8.08 | |
| MAexp50: | 8.01 | |
| MAexp100: | 7.91 | |
| Price / MA7: | +5.89% | |
| Price / MA20: | +0.37% | |
| Price / MA50: | -14.57% | |
| Price / MA100: | -43.19% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | +0.12% | |
| Price / MAexp50: | +1.00% | |
| Price / MAexp100: | +2.28% |
Quotes :
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Real time data
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Cryptocompare
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