POLKADOT - DOT/USD - 1H - Technical analysis published on 07/26/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
67%
0%
33%
My opinion
Bearish under 6.77 USD
My targets
6.22 USD (-7.90%)
5.56 USD (-17.59%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on POLKADOT - DOT/USD. As long as you are under the resistance located at 6.77 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 6.22 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 5.56 USD as an objective. Crossing it would then enable sellers to target 3.75 USD. If the resistance 6.77 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
1.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The POLKADOT - DOT/USD rating is 6.75 USD. On the day, this instrument lost -0.15% and was traded between 6.53 USD and 6.81 USD over the period. The price is currently at +3.37% from its lowest and -0.88% from its highest.6.53
6.81
6.75
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 bearish. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
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 under support 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 3.75 | 6.75 | 7.19 | 7.59 | 7.85 |
| Change (%) | -44.44% | - | +6.52% | +12.44% | +16.30% |
| Change | -3.00 | - | +0.44 | +0.84 | +1.10 |
| Level | Intermediate | - | Major | Minor | Minor |
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 | 5.80 | 6.27 | 6.51 | 6.98 | 7.22 | 7.69 | 7.93 |
| Camarilla | 6.57 | 6.63 | 6.70 | 6.76 | 6.83 | 6.89 | 6.96 |
| Woodie | 5.70 | 6.21 | 6.41 | 6.92 | 7.12 | 7.63 | 7.83 |
| Fibonacci | 6.27 | 6.54 | 6.71 | 6.98 | 7.25 | 7.42 | 7.69 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.56 | 6.22 | 6.77 | 7.43 | 7.98 | 8.64 | 9.19 |
| Camarilla | 7.00 | 7.11 | 7.22 | 7.33 | 7.44 | 7.55 | 7.66 |
| Woodie | 5.52 | 6.19 | 6.73 | 7.40 | 7.94 | 8.61 | 9.15 |
| Fibonacci | 6.22 | 6.68 | 6.96 | 7.43 | 7.89 | 8.17 | 8.64 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.63 | 4.49 | 5.78 | 7.64 | 8.93 | 10.79 | 12.08 |
| Camarilla | 6.20 | 6.49 | 6.78 | 7.07 | 7.36 | 7.65 | 7.94 |
| Woodie | 2.35 | 4.35 | 5.50 | 7.50 | 8.65 | 10.65 | 11.80 |
| Fibonacci | 4.49 | 5.69 | 6.44 | 7.64 | 8.84 | 9.59 | 10.79 |
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): | 48.07 | |
| MACD (12,26,9): | -0.0600 | |
| Directional Movement: | -3.30 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 6.58 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.54 | |
| Elder Ray (13): | 0.08 | |
| Super Trend (3,10): | 6.82 | |
| Zig ZAG (10): | 6.70 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 78.09 | |
| TEMA (21): | 6.63 | |
| Williams %R (14): | -9.09 | |
| Chande Momentum Oscillator (20): | 0.05 | |
| Repulse (5,40,3): | 1.1400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1900 | |
| Courbe Coppock: | 0.68 |
| MA7: | 7.22 | |
| MA20: | 7.06 | |
| MA50: | 7.40 | |
| MA100: | 10.08 | |
| MAexp7: | 6.67 | |
| MAexp20: | 6.68 | |
| MAexp50: | 6.85 | |
| MAexp100: | 7.03 | |
| Price / MA7: | -6.51% | |
| Price / MA20: | -4.39% | |
| Price / MA50: | -8.78% | |
| Price / MA100: | -33.04% | |
| Price / MAexp7: | +1.20% | |
| Price / MAexp20: | +1.05% | |
| Price / MAexp50: | -1.46% | |
| Price / MAexp100: | -3.98% |
Quotes :
-
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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