POLKADOT - DOT/USDT - 1H - Technical analysis published on 07/27/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
83%
0%
17%
My opinion
Bullish above 6.72 USDT
My targets
7.19 USDT (+2.42%)
7.58 USDT (+7.98%)
My analysis
The strong short-term increase of POLKADOT - DOT/USDT should quickly allow the basic trend to become bullish. As long as the price remains above the support located at 6.72 USDT, a purchase could be considered. The first bullish objective is located at 7.19 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers could then target the resistance located at 7.58 USDT. If there is any crossing, the next objective would be the resistance at 7.85 USDT. Caution, if there is a return under 6.72 USDT, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.1
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Additional analysis
Quotes
The POLKADOT - DOT/USDT price is 7.02 USDT. The price has increased by +3.54% since the last closing and was traded between 6.65 USDT and 7.11 USDT over the period. The price is currently at +5.56% from its lowest and -1.27% from its highest.6.65
7.11
7.02
Here is a more detailed summary of the historical variations registered by POLKADOT - DOT/USDT:
Technical
Technical analysis of POLKADOT - DOT/USDT in 1H shows a neutral overall trend. The strong bullish signals currently being given by short-term moving averages could allow the overall trend to return to bullish. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
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 | 6.15 | 6.53 | 6.72 | 7.02 | 7.19 | 7.58 | 7.85 |
| Change (%) | -12.39% | -6.98% | -4.27% | - | +2.42% | +7.98% | +11.82% |
| Change | -0.87 | -0.49 | -0.30 | - | +0.17 | +0.56 | +0.83 |
| Level | Major | Major | Minor | - | 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 | 6.36 | 6.45 | 6.61 | 6.70 | 6.86 | 6.95 | 7.11 |
| Camarilla | 6.71 | 6.73 | 6.76 | 6.78 | 6.80 | 6.83 | 6.85 |
| Woodie | 6.41 | 6.47 | 6.66 | 6.72 | 6.91 | 6.97 | 7.16 |
| Fibonacci | 6.45 | 6.54 | 6.60 | 6.70 | 6.79 | 6.85 | 6.95 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.61 | 6.25 | 6.79 | 7.43 | 7.97 | 8.61 | 9.15 |
| Camarilla | 7.01 | 7.11 | 7.22 | 7.33 | 7.44 | 7.55 | 7.66 |
| Woodie | 5.56 | 6.23 | 6.74 | 7.41 | 7.92 | 8.59 | 9.10 |
| Fibonacci | 6.25 | 6.70 | 6.98 | 7.43 | 7.88 | 8.16 | 8.61 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.75 | 4.57 | 5.82 | 7.64 | 8.89 | 10.71 | 11.96 |
| Camarilla | 6.23 | 6.51 | 6.79 | 7.07 | 7.35 | 7.63 | 7.91 |
| Woodie | 2.47 | 4.43 | 5.54 | 7.50 | 8.61 | 10.57 | 11.68 |
| Fibonacci | 4.57 | 5.74 | 6.47 | 7.64 | 8.81 | 9.54 | 10.71 |
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): | 60.70 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | 0.88 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 6.81 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.72 | |
| Elder Ray (13): | 0.10 | |
| Super Trend (3,10): | 6.65 | |
| Zig ZAG (10): | 6.98 | |
| VORTEX (21): | 1.1500 | |
| Stochastique (14,3,5): | 73.92 | |
| TEMA (21): | 6.90 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.27 | |
| Repulse (5,40,3): | 3.8800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 4.16 |
| MA7: | 7.16 | |
| MA20: | 7.05 | |
| MA50: | 7.36 | |
| MA100: | 9.95 | |
| MAexp7: | 6.87 | |
| MAexp20: | 6.78 | |
| MAexp50: | 6.82 | |
| MAexp100: | 6.96 | |
| Price / MA7: | -1.96% | |
| Price / MA20: | -0.43% | |
| Price / MA50: | -4.62% | |
| Price / MA100: | -29.45% | |
| Price / MAexp7: | +2.18% | |
| Price / MAexp20: | +3.54% | |
| Price / MAexp50: | +2.93% | |
| Price / MAexp100: | +0.86% |
Quotes :
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Real time data
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