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 08/03/2022 (GMT)

Timeframe : Daily
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Bullish

Underlying: Slightly bearish

Technical indicators

44%

17%

39%

My opinion

Neutral between 6.88 USD and 9.19 USD

My targets

My analysis

The short-term increase on POLKADOT - DOT/USD remains moderate but could challenge the slightly bearish basic trend. It is difficult to advise a trading direction under these conditions. The first resistance is located at 9.19 USD. The first support is located at 6.88 USD. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.

In the very short term, technical indicators are bullish and could soon allow change to a bullish sentiment.

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

Additional analysis

Quotes

The POLKADOT - DOT/USD price is 7.95 USD. On the day, this instrument gained +0.13% with the lowest point at 7.69 USD and the highest point at 7.97 USD. The deviation from the price is +3.38% for the low point and -0.25% for the high point.

7.69

7.97

7.95

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

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

Abnormal volumes on POLKADOT - DOT/USD were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of this Daily chart of POLKADOT - DOT/USD indicates that the overall trend is slightly bearish. 57.14% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages could cause a reversal of the trend. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : Daily

An assessment of technical indicators shows a slightly bullish signal.
The Central Indicators scanner found no further results concerning independent technical indicators.

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	3.75	6.75	7.95	9.42	10.96	15.96
Change (%)	-52.83%	-15.09%	-	+18.49%	+37.86%	+100.75%
Change	-4.20	-1.20	-	+1.47	+3.01	+8.01
Level	Intermediate	Intermediate	-	Minor	Minor	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	7.08	7.39	7.66	7.97	8.24	8.55	8.82
Camarilla	7.78	7.83	7.89	7.94	7.99	8.05	8.10
Woodie	7.07	7.38	7.65	7.96	8.23	8.54	8.81
Fibonacci	7.39	7.61	7.75	7.97	8.19	8.33	8.55

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	4.57	5.55	6.88	7.86	9.19	10.17	11.50
Camarilla	7.58	7.79	8.00	8.21	8.42	8.63	8.85
Woodie	4.75	5.64	7.06	7.95	9.37	10.26	11.68
Fibonacci	5.55	6.43	6.98	7.86	8.74	9.29	10.17

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3.49	4.75	6.69	7.95	9.89	11.15	13.09
Camarilla	7.75	8.04	8.34	8.63	8.92	9.22	9.51
Woodie	3.83	4.92	7.03	8.12	10.23	11.32	13.43
Fibonacci	4.75	5.97	6.73	7.95	9.17	9.93	11.15

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):	54.13
MACD (12,26,9):	0.2100
Directional Movement:	12.88
AROON (14):	35.71
DEMA (21):	7.89
Parabolic SAR (0,02-0,02-0,2):	7.31
Elder Ray (13):	0.02
Super Trend (3,10):	6.75
Zig ZAG (10):	7.92
VORTEX (21):	1.1300
Stochastique (14,3,5):	55.35
TEMA (21):	8.25
Williams %R (14):	-48.88
Chande Momentum Oscillator (20):	0.60
Repulse (5,40,3):	-3.4100
ROCnROLL:	-1
TRIX (15,9):	0.2800
Courbe Coppock:	20.18

MA7:	8.13
MA20:	7.58
MA50:	7.37
MA100:	9.25
MAexp7:	7.98
MAexp20:	7.67
MAexp50:	7.96
MAexp100:	9.98
Price / MA7:	-2.21%
Price / MA20:	+4.88%
Price / MA50:	+7.87%
Price / MA100:	-14.05%
Price / MAexp7:	-0.38%
Price / MAexp20:	+3.65%
Price / MAexp50:	-0.13%
Price / MAexp100:	-20.34%

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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