Londinia Opportunities Analyses - 01/21/2022 (GMT) POLKADOT - DOT/USDT - Daily
| Type: | Cryptocurrencies |
| Ticker: | DOTUSDT |
| ISIN: |
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- Cryptocurrencies
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
6%
83%
11%
My opinion
Bearish under 21.03 USDT
My targets
16.87 USDT (-14.88%)
15.40 USDT (-22.29%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on POLKADOT - DOT/USDT as long as the price remains well below 21.03 USDT. The sellers' bearish objective is set at 16.87 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 15.40 USDT. In case of crossing, the next objective would be the support located at 10.96 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
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
8.6
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.
Additional analysis
Quotes
POLKADOT - DOT/USDT rating 19.82 USDT. The price is lower by -13.71% since the last closing and was between 19.10 USDT and 23.43 USDT. This implies that the price is at +3.77% from its lowest and at -15.41% from its highest.19.10
23.43
19.82
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Journalier chart of POLKADOT - DOT/USDT indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals 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, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near support of channel
Type : Bullish
Timeframe : Daily
Support of triangle is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 10.96 | 16.87 | 19.82 | 26.36 | 37.36 | 44.91 |
| Change (%) | -44.70% | -14.88% | - | +33.00% | +88.50% | +126.59% |
| Change | -8.86 | -2.95 | - | +6.54 | +17.54 | +25.09 |
| Level | Intermediate | Minor | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.39 | 21.13 | 22.05 | 23.79 | 24.71 | 26.45 | 27.37 |
| Camarilla | 22.24 | 22.48 | 22.73 | 22.97 | 23.21 | 23.46 | 23.70 |
| Woodie | 18.98 | 20.93 | 21.64 | 23.59 | 24.30 | 26.25 | 26.96 |
| Fibonacci | 21.13 | 22.15 | 22.77 | 23.79 | 24.81 | 25.43 | 26.45 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.14 | 20.34 | 23.98 | 26.18 | 29.82 | 32.02 | 35.66 |
| Camarilla | 26.02 | 26.56 | 27.10 | 27.63 | 28.17 | 28.70 | 29.24 |
| Woodie | 18.87 | 20.70 | 24.71 | 26.54 | 30.55 | 32.38 | 36.39 |
| Fibonacci | 20.34 | 22.57 | 23.95 | 26.18 | 28.41 | 29.79 | 32.02 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.52 | 15.40 | 21.03 | 28.91 | 34.54 | 42.42 | 48.05 |
| Camarilla | 22.94 | 24.17 | 25.41 | 26.65 | 27.89 | 29.13 | 30.37 |
| Woodie | 6.39 | 14.84 | 19.90 | 28.35 | 33.41 | 41.86 | 46.92 |
| Fibonacci | 15.40 | 20.56 | 23.75 | 28.91 | 34.07 | 37.26 | 42.42 |
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): | 30.51 | |
| MACD (12,26,9): | -1.4400 | |
| Directional Movement: | -23.32 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 23.72 | |
| Parabolic SAR (0,02-0,02-0,2): | 27.85 | |
| Elder Ray (13): | -3.45 | |
| Super Trend (3,10): | 28.35 | |
| Zig ZAG (10): | 19.30 | |
| VORTEX (21): | 0.8500 | |
| Stochastique (14,3,5): | 11.61 | |
| TEMA (21): | 23.53 | |
| Williams %R (14): | -99.57 | |
| Chande Momentum Oscillator (20): | -5.38 | |
| Repulse (5,40,3): | -38.3200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.4600 | |
| Courbe Coppock: | 17.67 |
| MA7: | 24.62 | |
| MA20: | 25.89 | |
| MA50: | 27.02 | |
| MA100: | 35.26 | |
| MAexp7: | 23.57 | |
| MAexp20: | 25.48 | |
| MAexp50: | 28.25 | |
| MAexp100: | 30.60 | |
| Price / MA7: | -19.50% | |
| Price / MA20: | -23.45% | |
| Price / MA50: | -26.65% | |
| Price / MA100: | -43.79% | |
| Price / MAexp7: | -15.91% | |
| Price / MAexp20: | -22.21% | |
| Price / MAexp50: | -29.84% | |
| Price / MAexp100: | -35.23% |
Quotes :
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Real time data
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Cryptocompare