POLKADOT - DOT/USDT
POLKADOT - DOT/USDT
- USDT (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: DOTUSDT
ISIN:

POLKADOT - DOT/USDT - 1H - Technical analysis published on 06/24/2022 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 8.02 USDT
My targets
8.42 USDT (+1.90%)
8.77 USDT (+6.17%)
My analysis
POLKADOT - DOT/USDT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 8.02 USDT. The next resistance located at 8.42 USDT is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 8.77 USDT. After this resistance, buyers could then target 10.96 USDT. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.8

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by mywong. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

POLKADOT - DOT/USDT rating 8.26 USDT. The price has increased by +6.17% since the last closing with the lowest point at 7.73 USDT and the highest point at 8.33 USDT. The deviation from the price is +6.86% for the low point and -0.84% for the high point.

7.73
8.33
8.26

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

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


A technical analysis in 1H of this POLKADOT - DOT/USDT chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Central Indicators

Moving Average bullish crossovers : MA50 & MA100

Type : Bullish

Timeframe : 1 hour



The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour


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.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 7.82 8.02 8.26 8.26 8.77 10.96 18.05
Change (%) -5.33% -2.91% 0% - +6.17% +32.69% +118.52%
Change -0.44 -0.24 0 - +0.51 +2.70 +9.79
Level Major Minor Intermediate - Minor Intermediate Intermediate



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.047.217.497.667.948.118.39
Camarilla7.667.707.747.787.827.867.90
Woodie7.117.247.567.698.018.148.46
Fibonacci7.217.387.497.667.837.948.11


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard3.665.026.047.408.429.7810.80
Camarilla6.406.616.837.057.277.497.71
Woodie3.484.945.867.328.249.7010.62
Fibonacci5.025.936.497.408.318.879.78


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-0.433.456.9010.7814.2318.1121.56
Camarilla8.339.019.6810.3511.0211.6912.37
Woodie-0.653.346.6910.6714.0218.0021.35
Fibonacci3.456.257.9810.7813.5815.3118.11

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 64.04
MACD (12,26,9): 0.1100
Directional Movement: 16.83
AROON (14): 85.71
DEMA (21): 8.18
Parabolic SAR (0,02-0,02-0,2): 8.02
Elder Ray (13): 0.11
Super Trend (3,10): 7.88
Zig ZAG (10): 8.21
VORTEX (21): 1.1900
Stochastique (14,3,5): 85.28
TEMA (21): 8.22
Williams %R (14): -8.05
Chande Momentum Oscillator (20): 0.20
Repulse (5,40,3): 1.0800
ROCnROLL: 1
TRIX (15,9): 0.2000
Courbe Coppock: 5.18
MA7: 7.66
MA20: 8.06
MA50: 9.47
MA100: 14.24
MAexp7: 8.15
MAexp20: 8.04
MAexp50: 7.88
MAexp100: 7.76
Price / MA7: +7.83%
Price / MA20: +2.48%
Price / MA50: -12.78%
Price / MA100: -41.99%
Price / MAexp7: +1.35%
Price / MAexp20: +2.74%
Price / MAexp50: +4.82%
Price / MAexp100: +6.44%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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