POLKADOT - DOT/USDT - 1H - Technical analysis published on 09/22/2022 (GMT)
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- 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 bullish
Underlying:
Slightly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 6.23 USDT
My targets
6.72 USDT (+4.02%)
6.92 USDT (+7.12%)
My analysis
The strong short-term increase for POLKADOT - DOT/USDT reinforces the current slightly bullish trend. As long as the price remains above 6.23 USDT, you could take advantage of this bullish acceleration. The first bullish objective is located at 6.72 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 6.92 USDT as an objective. Crossing it would then enable buyers to target 7.16 USDT. A return to 6.23 USDT would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
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
5.9
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Additional analysis
Quotes
POLKADOT - DOT/USDT rating 6.46 USDT. On the day, this instrument gained +5.21% with the lowest point at 6.09 USDT and the highest point at 6.47 USDT. The deviation from the price is +6.08% for the low point and -0.15% for the high point.6.09
6.47
6.46
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this POLKADOT - DOT/USDT chart shows a slightly bullish trend. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
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 | 6.23 | 6.46 | 6.72 | 6.92 | 7.16 |
| Change (%) | -3.56% | - | +4.02% | +7.12% | +10.84% |
| Change | -0.23 | - | +0.26 | +0.46 | +0.70 |
| Level | Major | - | Intermediate | Minor | 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 | 5.30 | 5.64 | 5.89 | 6.23 | 6.48 | 6.82 | 7.07 |
| Camarilla | 5.98 | 6.03 | 6.09 | 6.14 | 6.19 | 6.25 | 6.30 |
| Woodie | 5.26 | 5.62 | 5.85 | 6.21 | 6.44 | 6.80 | 7.03 |
| Fibonacci | 5.64 | 5.87 | 6.01 | 6.23 | 6.46 | 6.60 | 6.82 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.17 | 5.95 | 6.50 | 7.28 | 7.83 | 8.61 | 9.16 |
| Camarilla | 6.69 | 6.82 | 6.94 | 7.06 | 7.18 | 7.30 | 7.43 |
| Woodie | 5.07 | 5.89 | 6.40 | 7.22 | 7.73 | 8.55 | 9.06 |
| Fibonacci | 5.95 | 6.46 | 6.77 | 7.28 | 7.79 | 8.10 | 8.61 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.14 | 4.98 | 6.00 | 7.84 | 8.86 | 10.70 | 11.72 |
| Camarilla | 6.24 | 6.51 | 6.77 | 7.03 | 7.29 | 7.55 | 7.82 |
| Woodie | 2.74 | 4.78 | 5.60 | 7.64 | 8.46 | 10.50 | 11.32 |
| Fibonacci | 4.98 | 6.07 | 6.74 | 7.84 | 8.93 | 9.60 | 10.70 |
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): | 61.86 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | 16.74 | |
| AROON (14): | 85.72 | |
| DEMA (21): | 6.31 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.06 | |
| Elder Ray (13): | 0.13 | |
| Super Trend (3,10): | 6.20 | |
| Zig ZAG (10): | 6.44 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 96.58 | |
| TEMA (21): | 6.36 | |
| Williams %R (14): | -0.21 | |
| Chande Momentum Oscillator (20): | 0.31 | |
| Repulse (5,40,3): | 1.9400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 3.75 |
| MA7: | 6.53 | |
| MA20: | 7.06 | |
| MA50: | 7.65 | |
| MA100: | 7.52 | |
| MAexp7: | 6.36 | |
| MAexp20: | 6.29 | |
| MAexp50: | 6.31 | |
| MAexp100: | 6.42 | |
| Price / MA7: | -1.07% | |
| Price / MA20: | -8.50% | |
| Price / MA50: | -15.56% | |
| Price / MA100: | -14.10% | |
| Price / MAexp7: | +1.57% | |
| Price / MAexp20: | +2.70% | |
| Price / MAexp50: | +2.38% | |
| Price / MAexp100: | +0.62% |
Quotes :
-
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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