POLKADOT - DOT/USDT - 15 min. - Technical analysis published on 06/24/2022 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 7.94 USDT
My targets
8.39 USDT (+1.49%)
8.77 USDT (+6.05%)
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 7.94 USDT. The next resistance located at 8.39 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
8.6
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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 8.27 USDT. The price has increased by +6.30% 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 +6.99% for the low point and -0.72% for the high point.7.73
8.33
8.27
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of POLKADOT - DOT/USDT in 15 min. shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : 15 minutes
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.82 | 8.02 | 8.26 | 8.27 | 8.77 | 10.96 | 18.05 |
| Change (%) | -5.44% | -3.02% | -0.12% | - | +6.05% | +32.53% | +118.26% |
| Change | -0.45 | -0.25 | -0.01 | - | +0.50 | +2.69 | +9.78 |
| Level | Major | Minor | Intermediate | - | Minor | Intermediate | 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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 59.01 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | 6.79 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 8.19 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.07 | |
| Elder Ray (13): | 0.04 | |
| Super Trend (3,10): | 8.07 | |
| Zig ZAG (10): | 8.21 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 84.24 | |
| TEMA (21): | 8.20 | |
| Williams %R (14): | -14.20 | |
| Chande Momentum Oscillator (20): | 0.14 | |
| Repulse (5,40,3): | 0.5100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 2.86 |
| MA7: | 7.66 | |
| MA20: | 8.06 | |
| MA50: | 9.47 | |
| MA100: | 14.24 | |
| MAexp7: | 8.19 | |
| MAexp20: | 8.15 | |
| MAexp50: | 8.09 | |
| MAexp100: | 7.99 | |
| Price / MA7: | +7.96% | |
| Price / MA20: | +2.61% | |
| Price / MA50: | -12.67% | |
| Price / MA100: | -41.92% | |
| Price / MAexp7: | +0.98% | |
| Price / MAexp20: | +1.47% | |
| Price / MAexp50: | +2.22% | |
| Price / MAexp100: | +3.50% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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