POLKADOT - DOT/USDT - 1H - Technical analysis published on 09/27/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 6.63 USDT
My targets
6.89 USDT (+1.67%)
7.52 USDT (+10.87%)
My analysis
POLKADOT - DOT/USDT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 6.63 USDT. The next resistance located at 6.89 USDT is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 7.52 USDT. After this resistance, buyers could then target 9.51 USDT. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6
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Additional analysis
Quotes
The POLKADOT - DOT/USDT price is 6.78 USDT. On the day, this instrument gained +3.35% and was between 6.54 USDT and 6.80 USDT. This implies that the price is at +3.67% from its lowest and at -0.29% from its highest.6.54
6.80
6.78
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this POLKADOT - DOT/USDT chart shows a strongly bullish trend. 89.29% 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 scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
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 | 6.37 | 6.57 | 6.63 | 6.78 | 9.51 | 10.96 | 19.09 |
| Change (%) | -6.05% | -3.10% | -2.21% | - | +40.27% | +61.65% | +181.56% |
| Change | -0.41 | -0.21 | -0.15 | - | +2.73 | +4.18 | +12.31 |
| Level | Major | Intermediate | Minor | - | Minor | 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 | 5.87 | 6.01 | 6.29 | 6.43 | 6.71 | 6.85 | 7.13 |
| Camarilla | 6.45 | 6.48 | 6.52 | 6.56 | 6.60 | 6.64 | 6.68 |
| Woodie | 5.93 | 6.05 | 6.35 | 6.47 | 6.77 | 6.89 | 7.19 |
| Fibonacci | 6.01 | 6.17 | 6.27 | 6.43 | 6.59 | 6.69 | 6.85 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.73 | 5.36 | 5.81 | 6.44 | 6.89 | 7.52 | 7.97 |
| Camarilla | 5.97 | 6.07 | 6.17 | 6.27 | 6.37 | 6.47 | 6.57 |
| Woodie | 4.65 | 5.32 | 5.73 | 6.40 | 6.81 | 7.48 | 7.89 |
| Fibonacci | 5.36 | 5.77 | 6.02 | 6.44 | 6.85 | 7.10 | 7.52 |
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 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): | 75.33 | |
| MACD (12,26,9): | 0.1100 | |
| Directional Movement: | 23.27 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 6.74 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.69 | |
| Elder Ray (13): | 0.11 | |
| Super Trend (3,10): | 6.58 | |
| Zig ZAG (10): | 6.78 | |
| VORTEX (21): | 1.3000 | |
| Stochastique (14,3,5): | 94.40 | |
| TEMA (21): | 6.80 | |
| Williams %R (14): | -8.92 | |
| Chande Momentum Oscillator (20): | 0.24 | |
| Repulse (5,40,3): | 0.4500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2100 | |
| Courbe Coppock: | 7.31 |
| MA7: | 6.41 | |
| MA20: | 6.87 | |
| MA50: | 7.43 | |
| MA100: | 7.46 | |
| MAexp7: | 6.73 | |
| MAexp20: | 6.61 | |
| MAexp50: | 6.48 | |
| MAexp100: | 6.43 | |
| Price / MA7: | +5.77% | |
| Price / MA20: | -1.31% | |
| Price / MA50: | -8.75% | |
| Price / MA100: | -9.12% | |
| Price / MAexp7: | +0.74% | |
| Price / MAexp20: | +2.57% | |
| Price / MAexp50: | +4.63% | |
| Price / MAexp100: | +5.44% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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