POLKADOT - DOT/USDT - Daily - Technical analysis published on 10/17/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 3.99 USDT
My targets
3.48 USDT (-5.52%)
My analysis
The bearish trend is currently very strong for POLKADOT - DOT/USDT. As long as the price remains below the resistance at 3.99 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 3.48 USDT. The bearish momentum would be revived by a break in this support. 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 confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.5
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Additional analysis
Quotes
POLKADOT - DOT/USDT rating 3.68 USDT. On the day, this instrument lost -2.90% with the lowest point at 3.67 USDT and the highest point at 3.78 USDT. The deviation from the price is +0.27% for the low point and -2.65% for the high point.3.67
3.78
3.68
The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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
New LOW record (1st january)
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. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 3.68 | 3.99 | 4.68 | 5.53 |
| Change (%) | - | +8.42% | +27.17% | +50.27% |
| Change | - | +0.31 | +1.00 | +1.85 |
| Level | - | Intermediate | Minor | Major |
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 | 3.59 | 3.66 | 3.73 | 3.80 | 3.87 | 3.94 | 4.01 |
| Camarilla | 3.75 | 3.76 | 3.78 | 3.79 | 3.80 | 3.82 | 3.83 |
| Woodie | 3.58 | 3.66 | 3.72 | 3.80 | 3.86 | 3.94 | 4.00 |
| Fibonacci | 3.66 | 3.72 | 3.75 | 3.80 | 3.86 | 3.89 | 3.94 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.11 | 3.37 | 3.55 | 3.81 | 3.99 | 4.25 | 4.43 |
| Camarilla | 3.61 | 3.65 | 3.69 | 3.73 | 3.77 | 3.81 | 3.85 |
| Woodie | 3.07 | 3.35 | 3.51 | 3.79 | 3.95 | 4.23 | 4.39 |
| Fibonacci | 3.37 | 3.54 | 3.64 | 3.81 | 3.98 | 4.08 | 4.25 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.48 | 3.69 | 3.90 | 4.11 | 4.32 | 4.53 | 4.74 |
| Camarilla | 3.99 | 4.02 | 4.06 | 4.10 | 4.14 | 4.18 | 4.22 |
| Woodie | 3.47 | 3.69 | 3.89 | 4.11 | 4.31 | 4.53 | 4.73 |
| Fibonacci | 3.69 | 3.85 | 3.95 | 4.11 | 4.27 | 4.37 | 4.53 |
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): | 32.24 | |
| MACD (12,26,9): | -0.1200 | |
| Directional Movement: | -12.19 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 3.74 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.99 | |
| Elder Ray (13): | -0.10 | |
| Super Trend (3,10): | 4.04 | |
| Zig ZAG (10): | 3.68 | |
| VORTEX (21): | 0.8600 | |
| Stochastique (14,3,5): | 19.48 | |
| TEMA (21): | 3.71 | |
| Williams %R (14): | -90.54 | |
| Chande Momentum Oscillator (20): | -0.34 | |
| Repulse (5,40,3): | -3.8700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3300 | |
| Courbe Coppock: | 17.03 |
| MA7: | 3.73 | |
| MA20: | 3.93 | |
| MA50: | 4.07 | |
| MA100: | 4.53 | |
| MAexp7: | 3.76 | |
| MAexp20: | 3.88 | |
| MAexp50: | 4.10 | |
| MAexp100: | 4.42 | |
| Price / MA7: | -1.34% | |
| Price / MA20: | -6.36% | |
| Price / MA50: | -9.58% | |
| Price / MA100: | -18.76% | |
| Price / MAexp7: | -2.13% | |
| Price / MAexp20: | -5.15% | |
| Price / MAexp50: | -10.24% | |
| Price / MAexp100: | -16.74% |
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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