POLKADOT - DOT/USDT - 1H - Technical analysis published on 07/28/2022 (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:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 7.85 USDT
My targets
8.07 USDT (+1.89%)
8.69 USDT (+9.72%)
My analysis
The bullish trend is currently very strong on POLKADOT - DOT/USDT. As long as the price remains above the support at 7.85 USDT, you could try to benefit from the boom. The first bullish objective is located at 8.07 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 8.69 USDT as an objective. Crossing it would then enable buyers to target 10.96 USDT. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6
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Additional analysis
Quotes
The POLKADOT - DOT/USDT rating is 7.92 USDT. The price has increased by +3.13% since the last closing and was traded between 7.47 USDT and 7.96 USDT over the period. The price is currently at +6.02% from its lowest and -0.50% from its highest.7.47
7.96
7.92
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of POLKADOT - DOT/USDT in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
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
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.19 | 7.58 | 7.85 | 7.92 | 8.07 | 8.69 | 10.96 |
| Change (%) | -9.22% | -4.29% | -0.88% | - | +1.89% | +9.72% | +38.38% |
| Change | -0.73 | -0.34 | -0.07 | - | +0.15 | +0.77 | +3.04 |
| Level | Major | Minor | Intermediate | - | Minor | 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 | 5.94 | 6.29 | 6.99 | 7.34 | 8.04 | 8.39 | 9.09 |
| Camarilla | 7.39 | 7.49 | 7.58 | 7.68 | 7.78 | 7.87 | 7.97 |
| Woodie | 6.11 | 6.38 | 7.16 | 7.43 | 8.21 | 8.48 | 9.26 |
| Fibonacci | 6.29 | 6.69 | 6.94 | 7.34 | 7.74 | 7.99 | 8.39 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 70.30 | |
| MACD (12,26,9): | 0.1800 | |
| Directional Movement: | 22.76 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 7.82 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.47 | |
| Elder Ray (13): | 0.21 | |
| Super Trend (3,10): | 7.46 | |
| Zig ZAG (10): | 7.90 | |
| VORTEX (21): | 1.2400 | |
| Stochastique (14,3,5): | 71.50 | |
| TEMA (21): | 7.85 | |
| Williams %R (14): | -10.48 | |
| Chande Momentum Oscillator (20): | 0.23 | |
| Repulse (5,40,3): | 3.8400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3900 | |
| Courbe Coppock: | 2.26 |
| MA7: | 7.31 | |
| MA20: | 7.13 | |
| MA50: | 7.35 | |
| MA100: | 9.85 | |
| MAexp7: | 7.74 | |
| MAexp20: | 7.58 | |
| MAexp50: | 7.30 | |
| MAexp100: | 7.21 | |
| Price / MA7: | +8.34% | |
| Price / MA20: | +11.08% | |
| Price / MA50: | +7.76% | |
| Price / MA100: | -19.59% | |
| Price / MAexp7: | +2.33% | |
| Price / MAexp20: | +4.49% | |
| Price / MAexp50: | +8.49% | |
| Price / MAexp100: | +9.85% |
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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