POLKADOT - DOT/USDT - 1H - Technical analysis published on 07/29/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
44%
22%
33%
My opinion
Bullish above 7.61 USDT
My targets
7.93 USDT (+0.63%)
8.06 USDT (+2.28%)
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 7.61 USDT. The buyers' bullish objective is set at 7.93 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 8.06 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.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
6.8
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This analysis was given by mywong. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
POLKADOT - DOT/USDT rating 7.88 USDT. The price registered an increase of +0.25% on the session and was traded between 7.77 USDT and 8.03 USDT over the period. The price is currently at +1.42% from its lowest and -1.87% from its highest.7.77
8.03
7.88
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:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this POLKADOT - DOT/USDT chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, of the 18 technical indicators analysed by Central Analyzer, 8 are bullish, 6 are neutral and 4 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bearish divergence
Type : Bearish
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:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.53 | 7.23 | 7.47 | 7.88 | 7.93 | 8.06 | 8.69 |
| Change (%) | -17.13% | -8.25% | -5.20% | - | +0.63% | +2.28% | +10.28% |
| Change | -1.35 | -0.65 | -0.41 | - | +0.05 | +0.18 | +0.81 |
| Level | Minor | Minor | Intermediate | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.94 | 7.21 | 7.53 | 7.80 | 8.12 | 8.39 | 8.71 |
| Camarilla | 7.70 | 7.75 | 7.81 | 7.86 | 7.91 | 7.97 | 8.02 |
| Woodie | 6.98 | 7.22 | 7.57 | 7.81 | 8.16 | 8.40 | 8.75 |
| Fibonacci | 7.21 | 7.43 | 7.57 | 7.80 | 8.02 | 8.16 | 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 | 2.87 | 4.63 | 5.85 | 7.61 | 8.83 | 10.59 | 11.81 |
| Camarilla | 6.25 | 6.52 | 6.80 | 7.07 | 7.34 | 7.62 | 7.89 |
| Woodie | 2.60 | 4.50 | 5.58 | 7.48 | 8.56 | 10.46 | 11.54 |
| Fibonacci | 4.63 | 5.77 | 6.47 | 7.61 | 8.75 | 9.45 | 10.59 |
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): | 60.22 | |
| MACD (12,26,9): | 0.1500 | |
| Directional Movement: | 18.92 | |
| AROON (14): | 57.15 | |
| DEMA (21): | 8.00 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.67 | |
| Elder Ray (13): | 0.08 | |
| Super Trend (3,10): | 7.54 | |
| Zig ZAG (10): | 7.89 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 74.28 | |
| TEMA (21): | 7.99 | |
| Williams %R (14): | -29.50 | |
| Chande Momentum Oscillator (20): | 0.35 | |
| Repulse (5,40,3): | -0.0300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3400 | |
| Courbe Coppock: | 7.60 |
| MA7: | 7.38 | |
| MA20: | 7.16 | |
| MA50: | 7.32 | |
| MA100: | 9.74 | |
| MAexp7: | 7.90 | |
| MAexp20: | 7.78 | |
| MAexp50: | 7.49 | |
| MAexp100: | 7.32 | |
| Price / MA7: | +6.78% | |
| Price / MA20: | +10.06% | |
| Price / MA50: | +7.65% | |
| Price / MA100: | -19.10% | |
| Price / MAexp7: | -0.25% | |
| Price / MAexp20: | +1.29% | |
| Price / MAexp50: | +5.21% | |
| Price / MAexp100: | +7.65% |
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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