POLKADOT - DOT/USD - 1H - Technical analysis published on 06/28/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
89%
0%
11%
My opinion
Bullish above 7.81 USD
My targets
8.03 USD (+1.65%)
8.19 USD (+3.67%)
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 7.81 USD, a purchase could be considered. The first bullish objective is located at 8.03 USD. The bullish momentum would be boosted by a break in this resistance. Buyers could then target the resistance located at 8.19 USD. If there is any crossing, the next objective would be the resistance at 8.36 USD. Caution, if there is a return under 7.81 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
0
10
4.6
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The POLKADOT - DOT/USD price is 7.90 USD. On the day, this instrument gained +2.20% with the lowest point at 7.47 USD and the highest point at 7.99 USD. The deviation from the price is +5.76% for the low point and -1.13% for the high point.7.47
7.99
7.90
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of POLKADOT - DOT/USD indicates that the overall trend is not clearly defined. 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 bearish signal on moving averages that could impact this trend:
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
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 : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.45 | 7.71 | 7.81 | 7.90 | 8.03 | 8.19 | 8.36 |
| Change (%) | -5.70% | -2.41% | -1.14% | - | +1.65% | +3.67% | +5.82% |
| Change | -0.45 | -0.19 | -0.09 | - | +0.13 | +0.29 | +0.46 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Intermediate | 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 | 7.07 | 7.38 | 7.56 | 7.87 | 8.05 | 8.36 | 8.54 |
| Camarilla | 7.60 | 7.64 | 7.69 | 7.73 | 7.78 | 7.82 | 7.87 |
| Woodie | 7.00 | 7.35 | 7.49 | 7.84 | 7.98 | 8.33 | 8.47 |
| Fibonacci | 7.38 | 7.57 | 7.69 | 7.87 | 8.06 | 8.18 | 8.36 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.53 | 6.15 | 7.13 | 7.75 | 8.73 | 9.35 | 10.33 |
| Camarilla | 7.68 | 7.83 | 7.97 | 8.12 | 8.27 | 8.41 | 8.56 |
| Woodie | 5.72 | 6.24 | 7.32 | 7.84 | 8.92 | 9.44 | 10.52 |
| Fibonacci | 6.15 | 6.76 | 7.14 | 7.75 | 8.36 | 8.74 | 9.35 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.97 | 4.52 | 7.52 | 10.07 | 13.07 | 15.62 | 18.62 |
| Camarilla | 8.98 | 9.49 | 10.00 | 10.51 | 11.02 | 11.53 | 12.04 |
| Woodie | 2.19 | 4.63 | 7.74 | 10.18 | 13.29 | 15.73 | 18.84 |
| Fibonacci | 4.52 | 6.64 | 7.95 | 10.07 | 12.19 | 13.50 | 15.62 |
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): | 61.40 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 9.17 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 7.79 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.63 | |
| Elder Ray (13): | 0.13 | |
| Super Trend (3,10): | 7.62 | |
| Zig ZAG (10): | 7.91 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 86.36 | |
| TEMA (21): | 7.84 | |
| Williams %R (14): | -19.23 | |
| Chande Momentum Oscillator (20): | 0.35 | |
| Repulse (5,40,3): | 0.3300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0900 | |
| Courbe Coppock: | 4.00 |
| MA7: | 7.84 | |
| MA20: | 7.78 | |
| MA50: | 9.09 | |
| MA100: | 13.82 | |
| MAexp7: | 7.85 | |
| MAexp20: | 7.81 | |
| MAexp50: | 7.87 | |
| MAexp100: | 7.89 | |
| Price / MA7: | +0.77% | |
| Price / MA20: | +1.54% | |
| Price / MA50: | -13.09% | |
| Price / MA100: | -42.84% | |
| Price / MAexp7: | +0.64% | |
| Price / MAexp20: | +1.15% | |
| Price / MAexp50: | +0.38% | |
| Price / MAexp100: | +0.13% |
Quotes :
-
Real time data
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