POLKADOT - DOT/USD - 1H - Technical analysis published on 01/25/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 6.46 USD
My targets
6.10 USD (-1.29%)
5.80 USD (-6.15%)
My analysis
In the short term, we can see an acceleration in the bearish trend on POLKADOT - DOT/USD, which is a positive signal for sellers. As long as the price remains above 6.46 USD, a sale could be considered. The first bearish objective is located at 6.10 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 5.80 USD as an objective. Crossing it would then enable sellers to target 5.63 USD. If the price were to return above 6.46 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
6.4
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Additional analysis
Quotes
The POLKADOT - DOT/USD price is 6.18 USD. The price registered a decrease of -0.16% on the session and was traded between 6.02 USD and 6.20 USD over the period. The price is currently at +2.66% from its lowest and -0.32% from its highest.6.02
6.20
6.18
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of POLKADOT - DOT/USD in 1H shows an overall bearish trend. The signals given by moving averages are 78.57% bearish. This bearish trend is reinforced 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.
Technical indicators are bearish. There is still some doubt about the decline in the price.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : 1 hour
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 | 5.63 | 5.80 | 6.15 | 6.18 | 6.46 | 6.70 | 6.82 |
| Change (%) | -8.90% | -6.15% | -0.49% | - | +4.53% | +8.41% | +10.36% |
| Change | -0.55 | -0.38 | -0.03 | - | +0.28 | +0.52 | +0.64 |
| Level | Major | Minor | Major | - | Intermediate | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.39 | 5.76 | 5.97 | 6.34 | 6.55 | 6.92 | 7.13 |
| Camarilla | 6.03 | 6.08 | 6.14 | 6.19 | 6.24 | 6.30 | 6.35 |
| Woodie | 5.32 | 5.72 | 5.90 | 6.30 | 6.48 | 6.88 | 7.06 |
| Fibonacci | 5.76 | 5.98 | 6.12 | 6.34 | 6.56 | 6.70 | 6.92 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.88 | 5.24 | 5.74 | 6.10 | 6.60 | 6.96 | 7.46 |
| Camarilla | 6.00 | 6.08 | 6.16 | 6.24 | 6.32 | 6.40 | 6.48 |
| Woodie | 4.95 | 5.28 | 5.81 | 6.14 | 6.67 | 7.00 | 7.53 |
| Fibonacci | 5.24 | 5.57 | 5.77 | 6.10 | 6.43 | 6.63 | 6.96 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.56 | 3.39 | 3.85 | 4.68 | 5.14 | 5.97 | 6.43 |
| Camarilla | 3.95 | 4.06 | 4.18 | 4.30 | 4.42 | 4.54 | 4.66 |
| Woodie | 2.37 | 3.30 | 3.66 | 4.59 | 4.95 | 5.88 | 6.24 |
| Fibonacci | 3.39 | 3.89 | 4.19 | 4.68 | 5.18 | 5.48 | 5.97 |
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): | 28.50 | |
| MACD (12,26,9): | -0.1000 | |
| Directional Movement: | -26.58 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 6.22 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.21 | |
| Elder Ray (13): | -0.12 | |
| Super Trend (3,10): | 6.38 | |
| Zig ZAG (10): | 6.15 | |
| VORTEX (21): | 0.7600 | |
| Stochastique (14,3,5): | 23.33 | |
| TEMA (21): | 6.12 | |
| Williams %R (14): | -72.00 | |
| Chande Momentum Oscillator (20): | -0.30 | |
| Repulse (5,40,3): | 0.3900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1500 | |
| Courbe Coppock: | 9.57 |
| MA7: | 6.20 | |
| MA20: | 5.63 | |
| MA50: | 5.09 | |
| MA100: | 5.50 | |
| MAexp7: | 6.20 | |
| MAexp20: | 6.33 | |
| MAexp50: | 6.40 | |
| MAexp100: | 6.33 | |
| Price / MA7: | -0.32% | |
| Price / MA20: | +9.77% | |
| Price / MA50: | +21.41% | |
| Price / MA100: | +12.36% | |
| Price / MAexp7: | -0.32% | |
| Price / MAexp20: | -2.37% | |
| Price / MAexp50: | -3.44% | |
| Price / MAexp100: | -2.37% |
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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