POLKADOT - DOT/USD - 1H - Technical analysis published on 05/14/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 45.82 USD
My targets
48.61 USD (+3.49%)
53.42 USD (+13.73%)
My analysis
POLKADOT - DOT/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 45.82 USD. The next resistance located at 48.61 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 53.42 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
9.1
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Additional analysis
Quotes
The POLKADOT - DOT/USD rating is 46.97 USD. On the day, this instrument gained +17.25% and was between 39.51 USD and 47.48 USD. This implies that the price is at +18.88% from its lowest and at -1.07% from its highest.39.51
47.48
46.97
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this POLKADOT - DOT/USD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 17 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
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
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 41.86 | 43.80 | 45.82 | 46.97 |
| Change (%) | -10.88% | -6.75% | -2.45% | - |
| Change | -5.11 | -3.17 | -1.15 | - |
| Level | Intermediate | Minor | 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 | 26.09 | 29.61 | 34.84 | 38.36 | 43.59 | 47.11 | 52.34 |
| Camarilla | 37.65 | 38.46 | 39.26 | 40.06 | 40.86 | 41.66 | 42.47 |
| Woodie | 26.94 | 30.04 | 35.69 | 38.79 | 44.44 | 47.54 | 53.19 |
| Fibonacci | 29.61 | 32.96 | 35.02 | 38.36 | 41.71 | 43.77 | 47.11 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25.94 | 30.29 | 35.10 | 39.45 | 44.26 | 48.61 | 53.42 |
| Camarilla | 37.39 | 38.23 | 39.07 | 39.91 | 40.75 | 41.59 | 42.43 |
| Woodie | 26.17 | 30.41 | 35.33 | 39.57 | 44.49 | 48.73 | 53.65 |
| Fibonacci | 30.29 | 33.79 | 35.95 | 39.45 | 42.95 | 45.11 | 48.61 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.39 | 15.52 | 26.03 | 37.16 | 47.67 | 58.80 | 69.31 |
| Camarilla | 30.59 | 32.57 | 34.56 | 36.54 | 38.52 | 40.51 | 42.49 |
| Woodie | 4.08 | 15.37 | 25.72 | 37.01 | 47.36 | 58.65 | 69.00 |
| Fibonacci | 15.52 | 23.79 | 28.89 | 37.16 | 45.43 | 50.53 | 58.80 |
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): | 67.85 | |
| MACD (12,26,9): | 1.5600 | |
| Directional Movement: | 11.99 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 45.20 | |
| Parabolic SAR (0,02-0,02-0,2): | 43.47 | |
| Elder Ray (13): | 2.37 | |
| Super Trend (3,10): | 42.26 | |
| Zig ZAG (10): | 46.77 | |
| VORTEX (21): | 1.2100 | |
| Stochastique (14,3,5): | 85.67 | |
| TEMA (21): | 46.14 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 5.54 | |
| Repulse (5,40,3): | 5.1500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.4300 | |
| Courbe Coppock: | 22.60 |
| MA7: | 39.54 | |
| MA20: | 37.42 | |
| MA50: | 37.97 | |
| MA100: | 35.14 | |
| MAexp7: | 45.28 | |
| MAexp20: | 43.29 | |
| MAexp50: | 41.42 | |
| MAexp100: | 40.37 | |
| Price / MA7: | +18.79% | |
| Price / MA20: | +25.52% | |
| Price / MA50: | +23.70% | |
| Price / MA100: | +33.67% | |
| Price / MAexp7: | +3.73% | |
| Price / MAexp20: | +8.50% | |
| Price / MAexp50: | +13.40% | |
| Price / MAexp100: | +16.35% |
Quotes :
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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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