POLKADOT - DOT/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	DOTUSD
ISIN:

POLKADOT - DOT/USD - Daily - Technical analysis published on 05/15/2021 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 39.58 USD

My targets

45.82 USD (+5.84%)

My analysis

The bullish trend is currently very strong on POLKADOT - DOT/USD. As long as the price remains above the support at 39.58 USD, you could try to benefit from the boom. The first bullish objective is located at 45.82 USD. The bullish momentum would be boosted by a break in this resistance. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

Comment on the analysis

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 ppril. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

POLKADOT - DOT/USD rating 43.29 USD. The price registered a decrease of -9.93% on the session and was traded between 43.13 USD and 49.72 USD over the period. The price is currently at +0.37% from its lowest and -12.93% from its highest.

43.13

49.72

43.29

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

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:

The Central Records scanner for higher/lower results shows the following items:

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

Technical

A technical analysis in Daily of this POLKADOT - DOT/USD chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : Daily

In fact, 14 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 : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : Daily

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	18.74	29.03	39.58	43.29	45.82
Change (%)	-56.71%	-32.94%	-8.57%	-	+5.84%
Change	-24.55	-14.26	-3.71	-	+2.53
Level	Minor	Intermediate	Major	-	Intermediate

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	33.81	36.66	42.36	45.21	50.91	53.76	59.46
Camarilla	45.71	46.49	47.28	48.06	48.84	49.63	50.41
Woodie	35.24	37.37	43.79	45.92	52.34	54.47	60.89
Fibonacci	36.66	39.93	41.94	45.21	48.48	50.49	53.76

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):	57.42
MACD (12,26,9):	1.4700
Directional Movement:	11.51
AROON (14):	14.29
DEMA (21):	40.60
Parabolic SAR (0,02-0,02-0,2):	33.15
Elder Ray (13):	6.66
Super Trend (3,10):	31.03
Zig ZAG (10):	43.74
VORTEX (21):	1.1700
Stochastique (14,3,5):	76.37
TEMA (21):	41.90
Williams %R (14):	-35.67
Chande Momentum Oscillator (20):	6.54
Repulse (5,40,3):	3.5400
ROCnROLL:	1
TRIX (15,9):	0.2200
Courbe Coppock:	32.66

MA7:	40.29
MA20:	38.20
MA50:	38.21
MA100:	35.39
MAexp7:	41.44
MAexp20:	39.09
MAexp50:	37.38
MAexp100:	33.31
Price / MA7:	+7.45%
Price / MA20:	+13.32%
Price / MA50:	+13.29%
Price / MA100:	+22.32%
Price / MAexp7:	+4.46%
Price / MAexp20:	+10.74%
Price / MAexp50:	+15.81%
Price / MAexp100:	+29.96%

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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