POLKADOT - DOT/USD - 1H - Technical analysis published on 11/12/2022 (GMT)
- 234
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
44%
6%
50%
My opinion
Bearish under 5.74 USD
My targets
5.65 USD (-1.40%)
5.49 USD (-4.19%)
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 5.74 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 5.65 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 5.49 USD as an objective. Crossing it would then enable sellers to target 5.33 USD. If the resistance 5.74 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
0.5
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The POLKADOT - DOT/USD rating is 5.73 USD. The price registered a decrease of -0.17% on the session with the lowest point at 5.56 USD and the highest point at 5.82 USD. The deviation from the price is +3.06% for the low point and -1.55% for the high point.5.56
5.82
5.73
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of POLKADOT - DOT/USD in 1H shows an overall bearish trend. The signals given by moving averages are 64.29% bearish. This bearish 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.
In fact, only 8 technical indicators out of 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.33 | 5.49 | 5.65 | 5.73 | 6.22 | 6.66 | 6.97 |
| Change (%) | -6.98% | -4.19% | -1.40% | - | +8.55% | +16.23% | +21.64% |
| Change | -0.40 | -0.24 | -0.08 | - | +0.49 | +0.93 | +1.24 |
| Level | Intermediate | Intermediate | Minor | - | Major | Minor | 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 | 5.00 | 5.25 | 5.49 | 5.74 | 5.98 | 6.23 | 6.47 |
| Camarilla | 5.61 | 5.65 | 5.70 | 5.74 | 5.79 | 5.83 | 5.88 |
| Woodie | 5.01 | 5.25 | 5.50 | 5.74 | 5.99 | 6.23 | 6.48 |
| Fibonacci | 5.25 | 5.43 | 5.55 | 5.74 | 5.92 | 6.04 | 6.23 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.30 | 5.74 | 6.38 | 6.82 | 7.46 | 7.90 | 8.54 |
| Camarilla | 6.73 | 6.83 | 6.93 | 7.03 | 7.13 | 7.23 | 7.33 |
| Woodie | 5.41 | 5.79 | 6.49 | 6.87 | 7.57 | 7.95 | 8.65 |
| Fibonacci | 5.74 | 6.15 | 6.40 | 6.82 | 7.23 | 7.48 | 7.90 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.84 | 5.27 | 5.96 | 6.39 | 7.08 | 7.51 | 8.20 |
| Camarilla | 6.33 | 6.44 | 6.54 | 6.64 | 6.74 | 6.85 | 6.95 |
| Woodie | 4.96 | 5.34 | 6.08 | 6.46 | 7.20 | 7.58 | 8.32 |
| Fibonacci | 5.27 | 5.70 | 5.97 | 6.39 | 6.82 | 7.09 | 7.51 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 48.82 | |
| MACD (12,26,9): | -0.0200 | |
| Directional Movement: | -4.22 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 5.67 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.54 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 5.89 | |
| Zig ZAG (10): | 5.70 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 49.38 | |
| TEMA (21): | 5.68 | |
| Williams %R (14): | -46.15 | |
| Chande Momentum Oscillator (20): | -0.04 | |
| Repulse (5,40,3): | 0.1400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0700 | |
| Courbe Coppock: | 0.79 |
| MA7: | 6.15 | |
| MA20: | 6.39 | |
| MA50: | 6.29 | |
| MA100: | 6.96 | |
| MAexp7: | 5.68 | |
| MAexp20: | 5.70 | |
| MAexp50: | 5.77 | |
| MAexp100: | 5.95 | |
| Price / MA7: | -6.83% | |
| Price / MA20: | -10.33% | |
| Price / MA50: | -8.90% | |
| Price / MA100: | -17.67% | |
| Price / MAexp7: | +0.88% | |
| Price / MAexp20: | +0.53% | |
| Price / MAexp50: | -0.69% | |
| Price / MAexp100: | -3.70% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis POLKADOT - DOT/USD - 1H