POLKADOT - DOT/USDT - 1H - Technical analysis published on 07/25/2022 (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 bearish
Underlying:
Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 7.18 USDT
My targets
6.90 USDT (-1.43%)
6.76 USDT (-3.43%)
My analysis
POLKADOT - DOT/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 7.18 USDT. The next support located at 6.90 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 6.76 USDT. Below this support, sellers could then target 6.56 USDT. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.7
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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 rating is 7.00 USDT. The price is lower by -5.41% since the last closing and was between 6.97 USDT and 7.44 USDT. This implies that the price is at +0.43% from its lowest and at -5.91% from its highest.6.97
7.44
7.00
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by POLKADOT - DOT/USDT:
Technical
Technical analysis of this 1H chart of POLKADOT - DOT/USDT indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
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 | 6.56 | 6.76 | 6.90 | 7.00 | 7.18 | 7.37 | 7.65 |
| Change (%) | -6.29% | -3.43% | -1.43% | - | +2.57% | +5.29% | +9.29% |
| Change | -0.44 | -0.24 | -0.10 | - | +0.18 | +0.37 | +0.65 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Intermediate | Minor |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 7.01 | 7.16 | 7.28 | 7.43 | 7.55 | 7.70 | 7.82 |
| Camarilla | 7.33 | 7.35 | 7.38 | 7.40 | 7.43 | 7.45 | 7.47 |
| Woodie | 7.00 | 7.15 | 7.27 | 7.42 | 7.54 | 7.69 | 7.81 |
| Fibonacci | 7.16 | 7.26 | 7.33 | 7.43 | 7.53 | 7.60 | 7.70 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.61 | 6.25 | 6.79 | 7.43 | 7.97 | 8.61 | 9.15 |
| Camarilla | 7.01 | 7.11 | 7.22 | 7.33 | 7.44 | 7.55 | 7.66 |
| Woodie | 5.56 | 6.23 | 6.74 | 7.41 | 7.92 | 8.59 | 9.10 |
| Fibonacci | 6.25 | 6.70 | 6.98 | 7.43 | 7.88 | 8.16 | 8.61 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.12 | 4.26 | 5.66 | 7.80 | 9.20 | 11.34 | 12.74 |
| Camarilla | 6.10 | 6.42 | 6.75 | 7.07 | 7.40 | 7.72 | 8.04 |
| Woodie | 1.76 | 4.08 | 5.30 | 7.62 | 8.84 | 11.16 | 12.38 |
| Fibonacci | 4.26 | 5.61 | 6.44 | 7.80 | 9.15 | 9.98 | 11.34 |
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): | 31.08 | |
| MACD (12,26,9): | -0.0800 | |
| Directional Movement: | -15.82 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 7.08 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.18 | |
| Elder Ray (13): | -0.10 | |
| Super Trend (3,10): | 7.28 | |
| Zig ZAG (10): | 7.00 | |
| VORTEX (21): | 0.7700 | |
| Stochastique (14,3,5): | 19.16 | |
| TEMA (21): | 7.04 | |
| Williams %R (14): | -81.53 | |
| Chande Momentum Oscillator (20): | -0.07 | |
| Repulse (5,40,3): | -1.1900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1400 | |
| Courbe Coppock: | 5.41 |
| MA7: | 7.40 | |
| MA20: | 7.09 | |
| MA50: | 7.46 | |
| MA100: | 10.17 | |
| MAexp7: | 7.10 | |
| MAexp20: | 7.17 | |
| MAexp50: | 7.27 | |
| MAexp100: | 7.34 | |
| Price / MA7: | -5.41% | |
| Price / MA20: | -1.27% | |
| Price / MA50: | -6.17% | |
| Price / MA100: | -31.17% | |
| Price / MAexp7: | -1.41% | |
| Price / MAexp20: | -2.37% | |
| Price / MAexp50: | -3.71% | |
| Price / MAexp100: | -4.63% |
Quotes :
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Real time data
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Cryptocompare
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