POLKADOT - DOT/USD
POLKADOT - DOT/USD
- USD (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: DOTUSD
ISIN:

POLKADOT - DOT/USD - Weekly - Technical analysis published on 01/12/2023 (GMT)

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  • Timeframe : Weekly
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
39%
39%
22%
My opinion
Bearish under 6.78 USD
My targets
3.75 USD (-27.33%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on POLKADOT - DOT/USD as long as the price remains well below 6.78 USD. The sellers' bearish objective is set at 3.75 USD. A bearish break of this support would revive the bearish momentum. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.1

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 Aatrayu. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Daily

Additional analysis

Quotes

The POLKADOT - DOT/USD price is 5.16 USD. Over 5 days, this instrument gained +10.26% with the lowest point at 4.60 USD and the highest point at 5.18 USD. The deviation from the price is +12.17% for the low point and -0.39% for the high point.

4.60
5.18
5.16

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by POLKADOT - DOT/USD:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of POLKADOT - DOT/USD in Weekly shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, of the 18 technical indicators analysed by Central Analyzer, 7 are bullish, 4 are neutral and 7 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S1
R1
R2
R3
Price


S1PriceR1R2R3
ProTrendLines 3.75 5.16 10.96 23.20 39.58
Change (%) -27.33% - +112.40% +349.61% +667.05%
Change -1.41 - +5.80 +18.04 +34.42
Level Intermediate - Minor 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
Standard4.624.734.935.045.245.355.55
Camarilla5.065.085.115.145.175.205.23
Woodie4.684.754.995.065.305.375.61
Fibonacci4.734.854.925.045.165.235.35


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard3.944.114.384.554.824.995.26
Camarilla4.544.584.624.664.704.744.78
Woodie4.004.144.444.584.885.025.32
Fibonacci4.114.284.384.554.724.824.99


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.283.253.784.755.286.256.78
Camarilla3.894.034.164.304.444.584.71
Woodie2.053.143.554.645.056.146.55
Fibonacci3.253.834.184.755.335.686.25

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 37.59
MACD (12,26,9): -1.6000
Directional Movement: -9.91
AROON (14): -50.00
DEMA (21): 3.67
Parabolic SAR (0,02-0,02-0,2): 5.60
Elder Ray (13): -0.48
Super Trend (3,10): 7.28
Zig ZAG (10): 5.15
VORTEX (21): 0.8600
Stochastique (14,3,5): 15.62
TEMA (21): 4.65
Williams %R (14): -71.07
Chande Momentum Oscillator (20): -0.81
Repulse (5,40,3): 10.9700
ROCnROLL: 2
TRIX (15,9): -2.9700
Courbe Coppock: 51.89
MA7: 4.90
MA20: 4.61
MA50: 4.93
MA100: 5.52
MAexp7: 4.96
MAexp20: 6.08
MAexp50: 10.28
MAexp100: 14.77
Price / MA7: +5.31%
Price / MA20: +11.93%
Price / MA50: +4.67%
Price / MA100: -6.52%
Price / MAexp7: +4.03%
Price / MAexp20: -15.13%
Price / MAexp50: -49.81%
Price / MAexp100: -65.06%

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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