POLKADOT - DOT/USDT - 1H - Technical analysis published on 07/28/2022 (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 7.58 USDT
My targets
7.85 USDT (+2.61%)
8.07 USDT (+5.49%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on POLKADOT - DOT/USDT as long as the price remains well above 7.58 USDT. The buyers' bullish objective is set at 7.85 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 8.07 USDT. If there is any crossing, the next objective would be the resistance located at 8.69 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
The POLKADOT - DOT/USDT rating is 7.65 USDT. The price is lower by -0.39% since the last closing and was between 7.65 USDT and 7.93 USDT. This implies that the price is at 0% from its lowest and at -3.53% from its highest.7.65
7.93
7.65
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
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. 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.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
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:
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 | 6.72 | 7.19 | 7.58 | 7.65 | 7.85 | 8.07 | 8.69 |
| Change (%) | -12.16% | -6.01% | -0.92% | - | +2.61% | +5.49% | +13.59% |
| Change | -0.93 | -0.46 | -0.07 | - | +0.20 | +0.42 | +1.04 |
| Level | Minor | Major | Minor | - | Intermediate | Minor | 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 | 5.94 | 6.29 | 6.99 | 7.34 | 8.04 | 8.39 | 9.09 |
| Camarilla | 7.39 | 7.49 | 7.58 | 7.68 | 7.78 | 7.87 | 7.97 |
| Woodie | 6.11 | 6.38 | 7.16 | 7.43 | 8.21 | 8.48 | 9.26 |
| Fibonacci | 6.29 | 6.69 | 6.94 | 7.34 | 7.74 | 7.99 | 8.39 |
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 | 2.75 | 4.57 | 5.82 | 7.64 | 8.89 | 10.71 | 11.96 |
| Camarilla | 6.23 | 6.51 | 6.79 | 7.07 | 7.35 | 7.63 | 7.91 |
| Woodie | 2.47 | 4.43 | 5.54 | 7.50 | 8.61 | 10.57 | 11.68 |
| Fibonacci | 4.57 | 5.74 | 6.47 | 7.64 | 8.81 | 9.54 | 10.71 |
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): | 71.44 | |
| MACD (12,26,9): | 0.2600 | |
| Directional Movement: | 31.72 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 7.70 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.65 | |
| Elder Ray (13): | 0.18 | |
| Super Trend (3,10): | 7.46 | |
| Zig ZAG (10): | 7.68 | |
| VORTEX (21): | 1.3600 | |
| Stochastique (14,3,5): | 80.39 | |
| TEMA (21): | 7.86 | |
| Williams %R (14): | -20.55 | |
| Chande Momentum Oscillator (20): | 0.53 | |
| Repulse (5,40,3): | -0.5200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.4700 | |
| Courbe Coppock: | 24.27 |
| MA7: | 7.27 | |
| MA20: | 7.12 | |
| MA50: | 7.35 | |
| MA100: | 9.85 | |
| MAexp7: | 7.66 | |
| MAexp20: | 7.38 | |
| MAexp50: | 7.12 | |
| MAexp100: | 7.10 | |
| Price / MA7: | +5.23% | |
| Price / MA20: | +7.44% | |
| Price / MA50: | +4.08% | |
| Price / MA100: | -22.34% | |
| Price / MAexp7: | -0.13% | |
| Price / MAexp20: | +3.66% | |
| Price / MAexp50: | +7.44% | |
| Price / MAexp100: | +7.75% |
Quotes :
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Real time data
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Cryptocompare
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