POLKADOT - DOT/USDT - 1H - Technical analysis published on 12/11/2022 (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 bearish
Underlying:
Strongly bearish
Technical indicators
22%
33%
44%
My opinion
Bearish under 5.32 USDT
My targets
5.14 USDT (-2.47%)
4.61 USDT (-12.58%)
My analysis
POLKADOT - DOT/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 5.32 USDT. The next support located at 5.14 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 4.61 USDT. Below this support, sellers could then target 3.75 USDT. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.4
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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 5.27 USDT. The price has increased by +0.00% since the last closing and was between 5.27 USDT and 5.30 USDT. This implies that the price is at 0% from its lowest and at -0.57% from its highest.5.27
5.30
5.27
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
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:
Technical
A technical analysis in 1H of this POLKADOT - DOT/USDT chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
On the 18 technical indicators analysed, 4 are bullish, 8 are neutral and 6 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
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 | 3.75 | 5.14 | 5.26 | 5.27 | 5.32 | 5.49 | 5.60 |
| Change (%) | -28.84% | -2.47% | -0.19% | - | +0.95% | +4.17% | +6.26% |
| Change | -1.52 | -0.13 | -0.01 | - | +0.05 | +0.22 | +0.33 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.19 | 5.22 | 5.25 | 5.28 | 5.31 | 5.34 | 5.37 |
| Camarilla | 5.25 | 5.26 | 5.27 | 5.27 | 5.28 | 5.28 | 5.29 |
| Woodie | 5.18 | 5.22 | 5.24 | 5.28 | 5.30 | 5.34 | 5.36 |
| Fibonacci | 5.22 | 5.25 | 5.26 | 5.28 | 5.31 | 5.32 | 5.34 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.61 | 4.92 | 5.10 | 5.41 | 5.59 | 5.90 | 6.08 |
| Camarilla | 5.14 | 5.18 | 5.23 | 5.27 | 5.32 | 5.36 | 5.41 |
| Woodie | 4.54 | 4.89 | 5.03 | 5.38 | 5.52 | 5.87 | 6.01 |
| Fibonacci | 4.92 | 5.11 | 5.23 | 5.41 | 5.60 | 5.72 | 5.90 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.09 | 3.55 | 4.50 | 5.96 | 6.91 | 8.37 | 9.32 |
| Camarilla | 4.80 | 5.02 | 5.24 | 5.46 | 5.68 | 5.90 | 6.12 |
| Woodie | 1.85 | 3.42 | 4.26 | 5.83 | 6.67 | 8.24 | 9.08 |
| Fibonacci | 3.55 | 4.47 | 5.04 | 5.96 | 6.88 | 7.45 | 8.37 |
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): | 45.27 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | -8.79 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 5.28 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.26 | |
| Elder Ray (13): | -0.01 | |
| Super Trend (3,10): | 5.32 | |
| Zig ZAG (10): | 5.27 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 30.56 | |
| TEMA (21): | 5.28 | |
| Williams %R (14): | -77.08 | |
| Chande Momentum Oscillator (20): | 0.00 | |
| Repulse (5,40,3): | -0.4100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 0.50 |
| MA7: | 5.36 | |
| MA20: | 5.37 | |
| MA50: | 5.84 | |
| MA100: | 6.21 | |
| MAexp7: | 5.28 | |
| MAexp20: | 5.29 | |
| MAexp50: | 5.30 | |
| MAexp100: | 5.34 | |
| Price / MA7: | -1.68% | |
| Price / MA20: | -1.86% | |
| Price / MA50: | -9.76% | |
| Price / MA100: | -15.14% | |
| Price / MAexp7: | -0.19% | |
| Price / MAexp20: | -0.38% | |
| Price / MAexp50: | -0.57% | |
| Price / MAexp100: | -1.31% |
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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