POLKADOT - DOT/USDT - 1H - Technical analysis published on 11/29/2022 (GMT)
- 144
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- 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:
Slightly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 5.15 USDT
My targets
5.42 USDT (+2.46%)
5.52 USDT (+4.35%)
My analysis
The strong short-term increase for POLKADOT - DOT/USDT reinforces the current slightly bullish trend. As long as the price remains above 5.15 USDT, you could take advantage of this bullish acceleration. The first bullish objective is located at 5.42 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 5.52 USDT as an objective. Crossing it would then enable buyers to target 6.27 USDT. A return to 5.15 USDT would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
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
4.8
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.
This analysis was given by finacian. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The POLKADOT - DOT/USDT price is 5.29 USDT. The price has increased by +3.12% since the last closing with the lowest point at 5.10 USDT and the highest point at 5.31 USDT. The deviation from the price is +3.73% for the low point and -0.38% for the high point.5.10
5.31
5.29
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by POLKADOT - DOT/USDT:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of POLKADOT - DOT/USDT indicates that the overall trend is slightly bullish. 50.00% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 16 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 5.00 | 5.08 | 5.15 | 5.29 | 5.32 | 5.42 | 5.52 |
| Change (%) | -5.48% | -3.97% | -2.65% | - | +0.57% | +2.46% | +4.35% |
| Change | -0.29 | -0.21 | -0.14 | - | +0.03 | +0.13 | +0.23 |
| Level | Minor | Intermediate | Minor | - | Major | Intermediate | 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 | 4.76 | 4.91 | 5.02 | 5.17 | 5.28 | 5.43 | 5.54 |
| Camarilla | 5.06 | 5.08 | 5.11 | 5.13 | 5.15 | 5.18 | 5.20 |
| Woodie | 4.74 | 4.90 | 5.00 | 5.16 | 5.26 | 5.42 | 5.52 |
| Fibonacci | 4.91 | 5.01 | 5.07 | 5.17 | 5.27 | 5.33 | 5.43 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.33 | 4.67 | 4.98 | 5.32 | 5.63 | 5.97 | 6.28 |
| Camarilla | 5.12 | 5.18 | 5.24 | 5.30 | 5.36 | 5.42 | 5.48 |
| Woodie | 4.33 | 4.66 | 4.98 | 5.31 | 5.63 | 5.96 | 6.28 |
| Fibonacci | 4.67 | 4.92 | 5.07 | 5.32 | 5.57 | 5.72 | 5.97 |
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): | 62.35 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | 11.27 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 5.25 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.18 | |
| Elder Ray (13): | 0.05 | |
| Super Trend (3,10): | 5.18 | |
| Zig ZAG (10): | 5.29 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 92.86 | |
| TEMA (21): | 5.29 | |
| Williams %R (14): | -8.10 | |
| Chande Momentum Oscillator (20): | 0.16 | |
| Repulse (5,40,3): | 0.2600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 4.39 |
| MA7: | 5.30 | |
| MA20: | 5.53 | |
| MA50: | 6.00 | |
| MA100: | 6.42 | |
| MAexp7: | 5.27 | |
| MAexp20: | 5.23 | |
| MAexp50: | 5.24 | |
| MAexp100: | 5.28 | |
| Price / MA7: | -0.19% | |
| Price / MA20: | -4.34% | |
| Price / MA50: | -11.83% | |
| Price / MA100: | -17.60% | |
| Price / MAexp7: | +0.38% | |
| Price / MAexp20: | +1.15% | |
| Price / MAexp50: | +0.95% | |
| Price / MAexp100: | +0.19% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis POLKADOT - DOT/USDT - 1H