POLKADOT - DOT/USDT - Daily - Technical analysis published on 11/21/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 5.41 USDT
My targets
4.84 USDT (-6.92%)
3.75 USDT (-27.88%)
My analysis
The bearish trend is currently very strong for POLKADOT - DOT/USDT. As long as the price remains below the resistance at 5.41 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 4.84 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 3.75 USDT as an objective. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 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
7.9
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Additional analysis
Quotes
The POLKADOT - DOT/USDT price is 5.20 USDT. The price registered a decrease of -1.70% on the session and was traded between 5.15 USDT and 5.30 USDT over the period. The price is currently at +0.97% from its lowest and -1.89% from its highest.5.15
5.30
5.20
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of POLKADOT - DOT/USDT indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
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 1
Type : Neutral
Timeframe : Weekly
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 support of channel
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 3.75 | 5.20 | 5.41 | 6.24 | 7.08 |
| Change (%) | -27.88% | - | +4.04% | +20.00% | +36.15% |
| Change | -1.45 | - | +0.21 | +1.04 | +1.88 |
| Level | Intermediate | - | Intermediate | Intermediate | Intermediate |
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 | 4.76 | 5.01 | 5.15 | 5.40 | 5.54 | 5.79 | 5.93 |
| Camarilla | 5.18 | 5.22 | 5.25 | 5.29 | 5.33 | 5.36 | 5.40 |
| Woodie | 4.71 | 4.98 | 5.10 | 5.37 | 5.49 | 5.76 | 5.88 |
| Fibonacci | 5.01 | 5.16 | 5.25 | 5.40 | 5.55 | 5.64 | 5.79 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.78 | 5.13 | 5.36 | 5.71 | 5.94 | 6.29 | 6.52 |
| Camarilla | 5.44 | 5.49 | 5.55 | 5.60 | 5.65 | 5.71 | 5.76 |
| Woodie | 4.73 | 5.10 | 5.31 | 5.68 | 5.89 | 6.26 | 6.47 |
| Fibonacci | 5.13 | 5.35 | 5.49 | 5.71 | 5.93 | 6.07 | 6.29 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.84 | 5.28 | 5.95 | 6.39 | 7.06 | 7.50 | 8.17 |
| Camarilla | 6.32 | 6.42 | 6.52 | 6.62 | 6.72 | 6.82 | 6.93 |
| Woodie | 4.96 | 5.34 | 6.07 | 6.45 | 7.18 | 7.56 | 8.29 |
| Fibonacci | 5.28 | 5.70 | 5.97 | 6.39 | 6.81 | 7.08 | 7.50 |
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): | 34.43 | |
| MACD (12,26,9): | -0.2600 | |
| Directional Movement: | -15.50 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 5.56 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.58 | |
| Elder Ray (13): | -0.50 | |
| Super Trend (3,10): | 6.26 | |
| Zig ZAG (10): | 5.22 | |
| VORTEX (21): | 0.8400 | |
| Stochastique (14,3,5): | 5.65 | |
| TEMA (21): | 5.39 | |
| Williams %R (14): | -96.87 | |
| Chande Momentum Oscillator (20): | -0.20 | |
| Repulse (5,40,3): | -7.6600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3800 | |
| Courbe Coppock: | 30.63 |
| MA7: | 5.58 | |
| MA20: | 6.03 | |
| MA50: | 6.17 | |
| MA100: | 6.65 | |
| MAexp7: | 5.52 | |
| MAexp20: | 5.86 | |
| MAexp50: | 6.19 | |
| MAexp100: | 6.86 | |
| Price / MA7: | -6.81% | |
| Price / MA20: | -13.76% | |
| Price / MA50: | -15.72% | |
| Price / MA100: | -21.80% | |
| Price / MAexp7: | -5.80% | |
| Price / MAexp20: | -11.26% | |
| Price / MAexp50: | -15.99% | |
| Price / MAexp100: | -24.20% |
Quotes :
-
Real time data
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Cryptocompare
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