POLKADOT - DOT/USDT - Daily - Technical analysis published on 10/16/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
28%
39%
My opinion
Bearish under 6.79 USDT
My targets
5.52 USDT (-10.05%)
4.72 USDT (-23.18%)
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 5.52 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 4.72 USDT as an objective. Crossing it would then enable sellers to target 3.45 USDT. 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.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.9
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This analysis was given by finacian. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The POLKADOT - DOT/USDT price is 6.14 USDT. The price registered an increase of +1.49% on the session with the lowest point at 6.05 USDT and the highest point at 6.19 USDT. The deviation from the price is +1.49% for the low point and -0.81% for the high point.6.05
6.19
6.14
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by POLKADOT - DOT/USDT:
Technical
Technical analysis of POLKADOT - DOT/USDT in Daily shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 7 are neutral and 5 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
MACD indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 6.14 | 6.25 | 9.51 | 10.96 |
| Change (%) | - | +1.79% | +54.89% | +78.50% |
| Change | - | +0.11 | +3.37 | +4.82 |
| Level | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.93 | 5.98 | 6.01 | 6.06 | 6.09 | 6.14 | 6.17 |
| Camarilla | 6.03 | 6.04 | 6.04 | 6.05 | 6.06 | 6.07 | 6.07 |
| Woodie | 5.93 | 5.98 | 6.01 | 6.06 | 6.09 | 6.14 | 6.17 |
| Fibonacci | 5.98 | 6.01 | 6.03 | 6.06 | 6.09 | 6.11 | 6.14 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.85 | 5.28 | 5.67 | 6.10 | 6.49 | 6.92 | 7.31 |
| Camarilla | 5.83 | 5.90 | 5.98 | 6.05 | 6.13 | 6.20 | 6.28 |
| Woodie | 4.82 | 5.27 | 5.64 | 6.09 | 6.46 | 6.91 | 7.28 |
| Fibonacci | 5.28 | 5.60 | 5.79 | 6.10 | 6.42 | 6.61 | 6.92 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.45 | 4.72 | 5.52 | 6.79 | 7.59 | 8.86 | 9.66 |
| Camarilla | 5.76 | 5.95 | 6.14 | 6.33 | 6.52 | 6.71 | 6.90 |
| Woodie | 3.23 | 4.60 | 5.30 | 6.67 | 7.37 | 8.74 | 9.44 |
| Fibonacci | 4.72 | 5.51 | 6.00 | 6.79 | 7.58 | 8.07 | 8.86 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 41.56 | |
| MACD (12,26,9): | -0.1700 | |
| Directional Movement: | -5.89 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 6.06 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.49 | |
| Elder Ray (13): | -0.10 | |
| Super Trend (3,10): | 6.72 | |
| Zig ZAG (10): | 6.15 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 43.74 | |
| TEMA (21): | 6.10 | |
| Williams %R (14): | -48.78 | |
| Chande Momentum Oscillator (20): | -0.36 | |
| Repulse (5,40,3): | 0.1800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3800 | |
| Courbe Coppock: | 6.17 |
| MA7: | 6.13 | |
| MA20: | 6.28 | |
| MA50: | 6.70 | |
| MA100: | 7.26 | |
| MAexp7: | 6.15 | |
| MAexp20: | 6.30 | |
| MAexp50: | 6.69 | |
| MAexp100: | 7.55 | |
| Price / MA7: | +0.16% | |
| Price / MA20: | -2.23% | |
| Price / MA50: | -8.36% | |
| Price / MA100: | -15.43% | |
| Price / MAexp7: | -0.16% | |
| Price / MAexp20: | -2.54% | |
| Price / MAexp50: | -8.22% | |
| Price / MAexp100: | -18.68% |
Quotes :
-
Real time data
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Cryptocompare
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