POLKADOT - DOT/USDT - Daily - Technical analysis published on 12/12/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 5.96 USDT
My targets
4.50 USDT (-12.39%)
3.75 USDT (-27.04%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on POLKADOT - DOT/USDT as long as the price remains well below 5.96 USDT. The sellers' bearish objective is set at 4.50 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 3.75 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
7
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Additional analysis
Quotes
The POLKADOT - DOT/USDT rating is 5.14 USDT. On the day, this instrument lost -0.58% and was traded between 5.05 USDT and 5.17 USDT over the period. The price is currently at +1.78% from its lowest and -0.58% from its highest.5.05
5.17
5.14
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
Technical analysis of POLKADOT - DOT/USDT in Daily shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Ichimoku - Bullish crossover : Tenkan & Kijun
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal support
Type : Bullish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Black hanging man / hammer
Type : Neutral
Timeframe : Daily
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 3.75 | 5.14 | 5.14 | 6.27 | 7.11 | 9.52 |
| Change (%) | -27.04% | 0% | - | +21.98% | +38.33% | +85.21% |
| Change | -1.39 | 0 | - | +1.13 | +1.97 | +4.38 |
| Level | Intermediate | Intermediate | - | Intermediate | Intermediate | Intermediate |
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 | 4.94 | 5.04 | 5.11 | 5.21 | 5.28 | 5.38 | 5.45 |
| Camarilla | 5.12 | 5.14 | 5.15 | 5.17 | 5.19 | 5.20 | 5.22 |
| Woodie | 4.92 | 5.03 | 5.09 | 5.20 | 5.26 | 5.37 | 5.43 |
| Fibonacci | 5.04 | 5.11 | 5.15 | 5.21 | 5.28 | 5.32 | 5.38 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.61 | 4.92 | 5.10 | 5.41 | 5.59 | 5.90 | 6.08 |
| Camarilla | 5.14 | 5.18 | 5.23 | 5.27 | 5.32 | 5.36 | 5.41 |
| Woodie | 4.54 | 4.89 | 5.03 | 5.38 | 5.52 | 5.87 | 6.01 |
| Fibonacci | 4.92 | 5.11 | 5.23 | 5.41 | 5.60 | 5.72 | 5.90 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.09 | 3.55 | 4.50 | 5.96 | 6.91 | 8.37 | 9.32 |
| Camarilla | 4.80 | 5.02 | 5.24 | 5.46 | 5.68 | 5.90 | 6.12 |
| Woodie | 1.85 | 3.42 | 4.26 | 5.83 | 6.67 | 8.24 | 9.08 |
| Fibonacci | 3.55 | 4.47 | 5.04 | 5.96 | 6.88 | 7.45 | 8.37 |
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): | 39.09 | |
| MACD (12,26,9): | -0.1400 | |
| Directional Movement: | -11.02 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 5.21 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.72 | |
| Elder Ray (13): | -0.23 | |
| Super Trend (3,10): | 5.69 | |
| Zig ZAG (10): | 5.14 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 20.41 | |
| TEMA (21): | 5.23 | |
| Williams %R (14): | -87.55 | |
| Chande Momentum Oscillator (20): | -0.33 | |
| Repulse (5,40,3): | -2.9300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3600 | |
| Courbe Coppock: | 0.39 |
| MA7: | 5.30 | |
| MA20: | 5.36 | |
| MA50: | 5.82 | |
| MA100: | 6.18 | |
| MAexp7: | 5.27 | |
| MAexp20: | 5.40 | |
| MAexp50: | 5.71 | |
| MAexp100: | 6.34 | |
| Price / MA7: | -3.02% | |
| Price / MA20: | -4.10% | |
| Price / MA50: | -11.68% | |
| Price / MA100: | -16.83% | |
| Price / MAexp7: | -2.47% | |
| Price / MAexp20: | -4.81% | |
| Price / MAexp50: | -9.98% | |
| Price / MAexp100: | -18.93% |
Quotes :
-
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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