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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 - 1H - Technical analysis published on 12/22/2023 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
28%
39%
33%
My opinion
Bullish above 7.77 USDT
My targets
8.46 USDT (+6.11%)
9.14 USDT (+14.72%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 7.77 USDT remains possible. It is advisable to trade POLKADOT - DOT/USDT with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 7.77 USDT. The next bullish objective for buyers is set at 8.46 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 9.14 USDT. If there is any crossing, the next objective would be the resistance located at 23.20 USDT. PS: if there is a bearish break in the support located at 7.77 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
2.9

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.

Mcdoogle
This analysis was given by Mcdoogle. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The POLKADOT - DOT/USDT rating is 7.97 USDT. The price is lower by -5.34% since the last closing and was between 7.93 USDT and 8.57 USDT. This implies that the price is at +0.50% from its lowest and at -7.00% from its highest.

7.93
8.57
7.97

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



The Central Volumes scanner detects abnormal volumes on the asset:

Central Volumes

Abnormal volumes

Timeframe : 5 days


Abnormal volumes

Timeframe : 20 days


Abnormal volumes

Timeframe : 50 days

Technical


Technical analysis of POLKADOT - DOT/USDT in 1H shows an overall bullish trend. The signals given by moving averages are 75.00% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Central Indicators

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour



In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 6 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly



The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 7.35 7.60 7.77 7.97 23.20 37.36 53.84
Change (%) -7.78% -4.64% -2.51% - +191.09% +368.76% +575.53%
Change -0.62 -0.37 -0.20 - +15.23 +29.39 +45.87
Level Minor Intermediate Minor - Minor 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
Standard5.916.417.427.928.939.4310.44
Camarilla8.018.148.288.428.568.708.84
Woodie6.166.547.678.059.189.5610.69
Fibonacci6.416.997.357.928.508.869.43


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.035.726.407.097.778.469.14
Camarilla6.716.846.967.097.227.347.47
Woodie5.045.726.417.097.788.469.15
Fibonacci5.726.246.567.097.617.938.46


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard3.233.844.665.276.096.707.52
Camarilla5.085.215.345.475.605.735.86
Woodie3.333.894.765.326.196.757.62
Fibonacci3.844.394.735.275.826.166.70

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): 54.66
MACD (12,26,9): 0.2000
Directional Movement: 4.27
AROON (14): 71.43
DEMA (21): 8.34
Parabolic SAR (0,02-0,02-0,2): 8.55
Elder Ray (13): -0.06
Super Trend (3,10): 7.90
Zig ZAG (10): 8.04
VORTEX (21): 1.1300
Stochastique (14,3,5): 35.15
TEMA (21): 8.33
Williams %R (14): -95.28
Chande Momentum Oscillator (20): -0.23
Repulse (5,40,3): -3.6200
ROCnROLL: -1
TRIX (15,9): 0.5200
Courbe Coppock: 9.12
MA7: 7.27
MA20: 6.87
MA50: 5.88
MA100: 4.97
MAexp7: 8.16
MAexp20: 8.04
MAexp50: 7.65
MAexp100: 7.36
Price / MA7: +9.63%
Price / MA20: +16.01%
Price / MA50: +35.54%
Price / MA100: +60.36%
Price / MAexp7: -2.33%
Price / MAexp20: -0.87%
Price / MAexp50: +4.18%
Price / MAexp100: +8.29%

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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Londinia AI

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