POLKADOT - DOT/USDT
POLKADOT - DOT/USDT
- USDT (-)
- Real time data - CoinMarketCap
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: DOTUSDT
ISIN:

POLKADOT - DOT/USDT - Daily - Technical analysis published on 09/10/2023 (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
17%
56%
28%
My opinion
Bearish under 4.38 USDT
My targets
3.93 USDT (-5.68%)
3.60 USDT (-13.74%)
My analysis
The bearish trend is currently very strong for POLKADOT - DOT/USDT. As long as the price remains below the resistance at 4.38 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 3.93 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 3.60 USDT as an objective. Crossing it would then enable sellers to target 2.95 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.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.3

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by finacian. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

POLKADOT - DOT/USDT rating 4.17 USDT. The price is lower by -1.65% since the last closing and was traded between 4.12 USDT and 4.24 USDT over the period. The price is currently at +1.21% from its lowest and -1.65% from its highest.

4.12
4.24
4.17

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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by POLKADOT - DOT/USDT:
The Central Records scanner for higher/lower results shows the following items:

Central Records

New LOW record (1 year)

Type : Bearish

Timeframe : Weekly


New LOW record (1st january)

Type : Bearish

Timeframe : Weekly


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. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Central Candlesticks

Bearish engulfing lines

Type : Bearish

Timeframe : Daily




ProTrendLines
R1
R2
R3
Price


PriceR1R2R3
ProTrendLines 4.17 4.38 5.52 6.92
Change (%) - +5.04% +32.37% +65.95%
Change - +0.21 +1.35 +2.75
Level - Minor Major Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.194.214.234.254.274.294.31
Camarilla4.234.234.244.244.244.254.25
Woodie4.184.214.224.254.264.294.30
Fibonacci4.214.234.244.254.274.284.29


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.024.104.174.254.324.404.47
Camarilla4.204.214.234.244.254.274.28
Woodie4.024.104.174.254.324.404.47
Fibonacci4.104.164.194.254.314.344.40


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.953.603.934.584.915.565.89
Camarilla4.004.094.184.274.364.454.54
Woodie2.803.523.784.504.765.485.74
Fibonacci3.603.974.204.584.955.185.56

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): 30.58
MACD (12,26,9): -0.1400
Directional Movement: -19.12
AROON (14): -85.71
DEMA (21): 4.18
Parabolic SAR (0,02-0,02-0,2): 4.59
Elder Ray (13): -0.13
Super Trend (3,10): 4.55
Zig ZAG (10): 4.18
VORTEX (21): 0.8700
Stochastique (14,3,5): 13.11
TEMA (21): 4.17
Williams %R (14): -91.89
Chande Momentum Oscillator (20): -0.50
Repulse (5,40,3): -1.7200
ROCnROLL: 2
TRIX (15,9): -0.4800
Courbe Coppock: 11.67
MA7: 4.25
MA20: 4.37
MA50: 4.73
MA100: 4.89
MAexp7: 4.25
MAexp20: 4.38
MAexp50: 4.63
MAexp100: 4.89
Price / MA7: -1.88%
Price / MA20: -4.58%
Price / MA50: -11.84%
Price / MA100: -14.72%
Price / MAexp7: -1.88%
Price / MAexp20: -4.79%
Price / MAexp50: -9.94%
Price / MAexp100: -14.72%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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