POLKADOT - DOT/USD - 1H - Technical analysis published on 09/04/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 7.13 USD
My targets
7.37 USD (+1.24%)
7.47 USD (+2.61%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 7.13 USD remains possible. It is advisable to trade POLKADOT - DOT/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 7.13 USD. The next bullish objective for buyers is set at 7.37 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 7.47 USD. If there is any crossing, the next objective would be the resistance located at 7.56 USD. PS: if there is a bearish break in the support located at 7.13 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators confirm the bullish opinion of this analysis. 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
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.
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Additional analysis
Quotes
POLKADOT - DOT/USD rating 7.28 USD. The price registered a decrease of -0.14% on the session and was traded between 7.27 USD and 7.40 USD over the period. The price is currently at +0.14% from its lowest and -1.62% from its highest.7.27
7.40
7.28
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this POLKADOT - DOT/USD chart shows a bullish trend. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.89 | 7.13 | 7.26 | 7.28 | 7.37 | 7.47 | 7.56 |
| Change (%) | -5.36% | -2.06% | -0.27% | - | +1.24% | +2.61% | +3.85% |
| Change | -0.39 | -0.15 | -0.02 | - | +0.09 | +0.19 | +0.28 |
| Level | Intermediate | Minor | Minor | - | Major | Minor | Intermediate |
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 | 7.13 | 7.21 | 7.26 | 7.34 | 7.39 | 7.47 |
| Camarilla | 7.25 | 7.27 | 7.28 | 7.29 | 7.30 | 7.31 | 7.33 |
| Woodie | 7.10 | 7.14 | 7.23 | 7.27 | 7.36 | 7.40 | 7.49 |
| Fibonacci | 7.13 | 7.18 | 7.21 | 7.26 | 7.31 | 7.34 | 7.39 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.10 | 6.44 | 6.87 | 7.21 | 7.64 | 7.98 | 8.41 |
| Camarilla | 7.08 | 7.15 | 7.22 | 7.29 | 7.36 | 7.43 | 7.50 |
| Woodie | 6.14 | 6.46 | 6.91 | 7.23 | 7.68 | 8.00 | 8.45 |
| Fibonacci | 6.44 | 6.74 | 6.92 | 7.21 | 7.51 | 7.69 | 7.98 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.11 | 4.95 | 5.99 | 7.83 | 8.87 | 10.71 | 11.75 |
| Camarilla | 6.24 | 6.50 | 6.77 | 7.03 | 7.29 | 7.56 | 7.82 |
| Woodie | 2.71 | 4.75 | 5.59 | 7.63 | 8.47 | 10.51 | 11.35 |
| Fibonacci | 4.95 | 6.05 | 6.73 | 7.83 | 8.93 | 9.61 | 10.71 |
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): | 57.57 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | 3.44 | |
| AROON (14): | 42.85 | |
| DEMA (21): | 7.32 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.27 | |
| Elder Ray (13): | 0.02 | |
| Super Trend (3,10): | 7.41 | |
| Zig ZAG (10): | 7.33 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 61.40 | |
| TEMA (21): | 7.32 | |
| Williams %R (14): | -36.84 | |
| Chande Momentum Oscillator (20): | 0.08 | |
| Repulse (5,40,3): | 0.1800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 1.63 |
| MA7: | 7.20 | |
| MA20: | 7.44 | |
| MA50: | 7.88 | |
| MA100: | 7.89 | |
| MAexp7: | 7.32 | |
| MAexp20: | 7.30 | |
| MAexp50: | 7.27 | |
| MAexp100: | 7.23 | |
| Price / MA7: | +1.11% | |
| Price / MA20: | -2.15% | |
| Price / MA50: | -7.61% | |
| Price / MA100: | -7.73% | |
| Price / MAexp7: | -0.55% | |
| Price / MAexp20: | -0.27% | |
| Price / MAexp50: | +0.14% | |
| Price / MAexp100: | +0.69% |
Quotes :
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Real time data
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