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 03/19/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Neutral

Technical indicators

83%

17%

My opinion

Bullish above 18.75 USD

My targets

23.43 USD (+20.15%)

26.38 USD (+35.28%)

My analysis

The strong short-term increase of POLKADOT - DOT/USD should quickly allow the basic trend to become bullish. As long as the price remains above the support located at 18.75 USD, a purchase could be considered. The first bullish objective is located at 23.43 USD. The bullish momentum would be boosted by a break in this resistance. Buyers could then target the resistance located at 26.38 USD. If there is any crossing, the next objective would be the resistance at 40.43 USD. Caution, if there is a return under 18.75 USD, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.

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

3.8

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

Additional analysis

Quotes

The POLKADOT - DOT/USD price is 19.50 USD. The price has increased by +2.74% since the last closing with the lowest point at 18.88 USD and the highest point at 19.61 USD. The deviation from the price is +3.28% for the low point and -0.56% for the high point.

18.88

19.61

19.50

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

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows an item:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this POLKADOT - DOT/USD chart shows a neutral trend. The strong bullish signals currently being given by short-term moving averages could allow the overall trend to return to bullish. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

Technical indicators are strongly bullish, suggesting that the price increase should continue.
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

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	16.28	19.50	26.38	40.43	53.95
Change (%)	-16.51%	-	+35.28%	+107.33%	+176.67%
Change	-3.22	-	+6.88	+20.93	+34.45
Level	Intermediate	-	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	17.26	17.70	18.34	18.78	19.42	19.86	20.50
Camarilla	18.68	18.78	18.88	18.98	19.08	19.18	19.28
Woodie	17.36	17.75	18.44	18.83	19.52	19.91	20.60
Fibonacci	17.70	18.11	18.37	18.78	19.19	19.45	19.86

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.78	14.90	16.51	17.63	19.24	20.36	21.97
Camarilla	17.38	17.63	17.88	18.13	18.38	18.63	18.88
Woodie	14.04	15.02	16.77	17.75	19.50	20.48	22.23
Fibonacci	14.90	15.94	16.58	17.63	18.67	19.31	20.36

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5.15	9.61	14.29	18.75	23.43	27.89	32.57
Camarilla	16.46	17.29	18.13	18.97	19.81	20.65	21.48
Woodie	5.26	9.67	14.40	18.81	23.54	27.95	32.68
Fibonacci	9.61	13.10	15.26	18.75	22.24	24.40	27.89

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	56.76
MACD (12,26,9):	0.1000
Directional Movement:	0.41
AROON (14):	71.42
DEMA (21):	18.08
Parabolic SAR (0,02-0,02-0,2):	16.33
Elder Ray (13):	0.87
Super Trend (3,10):	20.05
Zig ZAG (10):	19.26
VORTEX (21):	1.0600
Stochastique (14,3,5):	89.52
TEMA (21):	18.79
Williams %R (14):	-2.10
Chande Momentum Oscillator (20):	2.84
Repulse (5,40,3):	5.9700
ROCnROLL:	-1
TRIX (15,9):	-0.1500
Courbe Coppock:	11.33

MA7:	18.41
MA20:	17.92
MA50:	18.52
MA100:	21.99
MAexp7:	18.60
MAexp20:	18.13
MAexp50:	19.21
MAexp100:	22.11
Price / MA7:	+5.92%
Price / MA20:	+8.82%
Price / MA50:	+5.29%
Price / MA100:	-11.32%
Price / MAexp7:	+4.84%
Price / MAexp20:	+7.56%
Price / MAexp50:	+1.51%
Price / MAexp100:	-11.80%

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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