POLKADOT - DOT/USDT - 1H - Technical analysis published on 06/24/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 8.02 USDT
My targets
8.26 USDT (+2.10%)
8.77 USDT (+8.41%)
My analysis
The bullish trend is currently very strong on POLKADOT - DOT/USDT. As long as the price remains above the support at 8.02 USDT, you could try to benefit from the boom. The first bullish objective is located at 8.26 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 8.77 USDT as an objective. Crossing it would then enable buyers to target 10.96 USDT. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.9
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This analysis was given by mywong. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
POLKADOT - DOT/USDT rating 8.09 USDT. The price has increased by +3.99% since the last closing and was traded between 7.73 USDT and 8.19 USDT over the period. The price is currently at +4.66% from its lowest and -1.22% from its highest.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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 1H chart of POLKADOT - DOT/USDT indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 13 technical indicators on 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
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): | 62.89 | |
| MACD (12,26,9): | 0.1100 | |
| Directional Movement: | 12.41 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 8.09 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.19 | |
| Elder Ray (13): | 0.09 | |
| Super Trend (3,10): | 7.80 | |
| Zig ZAG (10): | 8.11 | |
| VORTEX (21): | 1.1600 | |
| Stochastique (14,3,5): | 72.54 | |
| TEMA (21): | 8.14 | |
| Williams %R (14): | -19.95 | |
| Chande Momentum Oscillator (20): | 0.21 | |
| Repulse (5,40,3): | 0.4500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2000 | |
| Courbe Coppock: | 6.03 |
| MA7: | 7.64 | |
| MA20: | 8.06 | |
| MA50: | 9.47 | |
| MA100: | 14.24 | |
| MAexp7: | 8.06 | |
| MAexp20: | 7.95 | |
| MAexp50: | 7.81 | |
| MAexp100: | 7.71 | |
| Price / MA7: | +5.89% | |
| Price / MA20: | +0.37% | |
| Price / MA50: | -14.57% | |
| Price / MA100: | -43.19% | |
| Price / MAexp7: | +0.37% | |
| Price / MAexp20: | +1.76% | |
| Price / MAexp50: | +3.59% | |
| Price / MAexp100: | +4.93% |
Quotes :
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Real time data
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