POLKADOT - DOT/USDT - 1H - Technical analysis published on 07/26/2022 (GMT)
- 212
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 6.79 USDT
My targets
6.25 USDT (-6.99%)
6.15 USDT (-8.48%)
My analysis
The bearish trend is currently very strong for POLKADOT - DOT/USDT. As long as the price remains below the resistance at 6.79 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 6.25 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 6.15 USDT as an objective. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 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
7.5
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:
Additional analysis
Quotes
The POLKADOT - DOT/USDT rating is 6.72 USDT. On the day, this instrument lost -0.59% with the lowest point at 6.64 USDT and the highest point at 6.77 USDT. The deviation from the price is +1.20% for the low point and -0.74% for the high point.6.64
6.77
6.72
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 bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 6.15 | 6.72 | 7.19 | 7.58 | 7.85 |
| Change (%) | -8.48% | - | +6.99% | +12.80% | +16.82% |
| Change | -0.57 | - | +0.47 | +0.86 | +1.13 |
| Level | Major | - | Intermediate | Minor | Minor |
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 | 5.82 | 6.28 | 6.52 | 6.98 | 7.22 | 7.68 | 7.92 |
| Camarilla | 6.57 | 6.63 | 6.70 | 6.76 | 6.82 | 6.89 | 6.95 |
| Woodie | 5.71 | 6.23 | 6.41 | 6.93 | 7.11 | 7.63 | 7.81 |
| Fibonacci | 6.28 | 6.55 | 6.71 | 6.98 | 7.25 | 7.41 | 7.68 |
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 | 2.68 | 4.54 | 5.80 | 7.66 | 8.92 | 10.78 | 12.04 |
| Camarilla | 6.21 | 6.50 | 6.78 | 7.07 | 7.36 | 7.64 | 7.93 |
| Woodie | 2.39 | 4.39 | 5.51 | 7.51 | 8.63 | 10.63 | 11.75 |
| Fibonacci | 4.54 | 5.73 | 6.47 | 7.66 | 8.85 | 9.59 | 10.78 |
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): | 28.40 | |
| MACD (12,26,9): | -0.1300 | |
| Directional Movement: | -32.47 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 6.77 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.02 | |
| Elder Ray (13): | -0.16 | |
| Super Trend (3,10): | 6.97 | |
| Zig ZAG (10): | 6.72 | |
| VORTEX (21): | 0.8000 | |
| Stochastique (14,3,5): | 9.00 | |
| TEMA (21): | 6.71 | |
| Williams %R (14): | -86.38 | |
| Chande Momentum Oscillator (20): | -0.34 | |
| Repulse (5,40,3): | -1.1700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2200 | |
| Courbe Coppock: | 9.16 |
| MA7: | 7.21 | |
| MA20: | 7.07 | |
| MA50: | 7.40 | |
| MA100: | 10.06 | |
| MAexp7: | 6.78 | |
| MAexp20: | 6.94 | |
| MAexp50: | 7.11 | |
| MAexp100: | 7.23 | |
| Price / MA7: | -6.80% | |
| Price / MA20: | -4.95% | |
| Price / MA50: | -9.19% | |
| Price / MA100: | -33.20% | |
| Price / MAexp7: | -0.88% | |
| Price / MAexp20: | -3.17% | |
| Price / MAexp50: | -5.49% | |
| Price / MAexp100: | -7.05% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis POLKADOT - DOT/USDT - 1H