POLKADOT - DOT/USDT - 1H - Technical analysis published on 07/27/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 7.19 USDT
My targets
7.58 USDT (+4.26%)
7.85 USDT (+7.98%)
My analysis
POLKADOT - DOT/USDT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 7.19 USDT. The next resistance located at 7.58 USDT is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 7.85 USDT. After this resistance, buyers could then target 8.07 USDT.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.6
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This analysis was given by mywong. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The POLKADOT - DOT/USDT price is 7.27 USDT. On the day, this instrument gained +7.23% and was traded between 6.65 USDT and 7.27 USDT over the period. The price is currently at +9.32% from its lowest and 0% from its highest.6.65
7.27
7.27
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 POLKADOT - DOT/USDT in 1H shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, 17 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
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 resistance of channel
Type : Bearish
Timeframe : 1 hour
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish doji star
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.53 | 6.72 | 7.19 | 7.27 | 7.58 | 7.85 | 8.07 |
| Change (%) | -10.18% | -7.57% | -1.10% | - | +4.26% | +7.98% | +11.00% |
| Change | -0.74 | -0.55 | -0.08 | - | +0.31 | +0.58 | +0.80 |
| Level | Major | Minor | Intermediate | - | Minor | 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 | 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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 74.42 | |
| MACD (12,26,9): | 0.0800 | |
| Directional Movement: | 21.85 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 6.92 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.73 | |
| Elder Ray (13): | 0.30 | |
| Super Trend (3,10): | 6.87 | |
| Zig ZAG (10): | 7.22 | |
| VORTEX (21): | 1.2700 | |
| Stochastique (14,3,5): | 93.17 | |
| TEMA (21): | 7.02 | |
| Williams %R (14): | -0.38 | |
| Chande Momentum Oscillator (20): | 0.42 | |
| Repulse (5,40,3): | 5.2800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 6.09 |
| MA7: | 7.19 | |
| MA20: | 7.07 | |
| MA50: | 7.37 | |
| MA100: | 9.95 | |
| MAexp7: | 6.98 | |
| MAexp20: | 6.85 | |
| MAexp50: | 6.84 | |
| MAexp100: | 6.97 | |
| Price / MA7: | +1.11% | |
| Price / MA20: | +2.83% | |
| Price / MA50: | -1.36% | |
| Price / MA100: | -26.93% | |
| Price / MAexp7: | +4.15% | |
| Price / MAexp20: | +6.13% | |
| Price / MAexp50: | +6.29% | |
| Price / MAexp100: | +4.30% |
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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