POLKADOT - DOT/USD - Weekly - Technical analysis published on 04/27/2024 (GMT)
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- 0
- Timeframe : Weekly
- - Analysis generated on
- Status : IN PROGRESS...
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under
My targets
()
()
My analysis
There is a bearish trend on POLKADOT - DOT/USD both at the basic level and in the short term. A sale could be considered, so long as the price remains below . Each support break is a strong signal that the current trend will continue. The first bearish objective would be . Then the price could move towards . Be careful, a return to above the resistance would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
3.9
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This analysis was given by calibox. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The POLKADOT - DOT/USD price is 6.65 USD. Over 5 days, this instrument lost -6.86% and was traded between 6.51 USD and 7.55 USD over the period. The price is currently at +2.15% from its lowest point and -11.92% from its highest point.6.51
7.55
6.65
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this Weekly chart of POLKADOT - DOT/USD indicates that the overall trend is bearish. 64.29% of the signals given by moving averages are bearish. The overall trend seems to be showing some signs of weakness, as do the tentative bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : Weekly
In fact, only 9 technical indicators out of 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 4.05 | 6.65 | 11.57 | 23.20 | 37.36 |
| Change (%) | -39.10% | - | +73.98% | +248.87% | +461.80% |
| Change | -2.60 | - | +4.92 | +16.55 | +30.71 |
| Level | Major | - | Intermediate | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 6.42 | 6.57 | 6.66 | 6.81 | 6.90 | 7.05 | 7.14 |
| Camarilla | 6.69 | 6.72 | 6.74 | 6.76 | 6.78 | 6.80 | 6.83 |
| Woodie | 6.40 | 6.56 | 6.64 | 6.80 | 6.88 | 7.04 | 7.12 |
| Fibonacci | 6.57 | 6.66 | 6.72 | 6.81 | 6.90 | 6.96 | 7.05 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.46 | 5.83 | 6.54 | 6.91 | 7.62 | 7.99 | 8.70 |
| Camarilla | 6.94 | 7.04 | 7.14 | 7.24 | 7.34 | 7.44 | 7.54 |
| Woodie | 5.62 | 5.92 | 6.70 | 7.00 | 7.78 | 8.08 | 8.86 |
| Fibonacci | 5.83 | 6.25 | 6.50 | 6.91 | 7.33 | 7.58 | 7.99 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.79 | 6.65 | 8.15 | 10.01 | 11.51 | 13.37 | 14.87 |
| Camarilla | 8.72 | 9.02 | 9.33 | 9.64 | 9.95 | 10.26 | 10.56 |
| Woodie | 4.60 | 6.56 | 7.96 | 9.92 | 11.32 | 13.28 | 14.68 |
| Fibonacci | 6.65 | 7.94 | 8.73 | 10.01 | 11.30 | 12.09 | 13.37 |
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): | 45.13 | |
| MACD (12,26,9): | 0.4900 | |
| Directional Movement: | 0.62 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 8.45 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.64 | |
| Elder Ray (13): | -0.87 | |
| Super Trend (3,10): | 6.01 | |
| Zig ZAG (10): | 6.60 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 18.28 | |
| TEMA (21): | 8.49 | |
| Williams %R (14): | -86.70 | |
| Chande Momentum Oscillator (20): | -0.06 | |
| Repulse (5,40,3): | -22.3700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 1.8800 | |
| Courbe Coppock: | 30.82 |
| MA7: | 7.00 | |
| MA20: | 7.24 | |
| MA50: | 8.65 | |
| MA100: | 8.15 | |
| MAexp7: | 7.80 | |
| MAexp20: | 7.68 | |
| MAexp50: | 7.10 | |
| MAexp100: | 8.66 | |
| Price / MA7: | -5.00% | |
| Price / MA20: | -8.15% | |
| Price / MA50: | -23.12% | |
| Price / MA100: | -18.40% | |
| Price / MAexp7: | -14.74% | |
| Price / MAexp20: | -13.41% | |
| Price / MAexp50: | -6.34% | |
| Price / MAexp100: | -23.21% |
Quotes :
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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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