POLKADOT - DOT/USDT - 15 min. - Technical analysis published on 03/14/2023 (GMT)
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- 0
- Timeframe : 15 min.
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bullish
Technical indicators
17%
50%
33%
My opinion
Neutral between 5.98 USDT and 6.41 USDT
My targets
-
My analysis
The strong short-term decrease on POLKADOT - DOT/USDT is in contrast to the bullish trend. Sellers are trying to regain control of the asset and a reversal of the trend could be possible. It would be interesting to understand what caused such a fall. Has an economic announcement impacting the basics been published? As long as the price remains above 5.98 USDT, you could take advantage of the short-term boom. The first bearish objective would be 5.98 USDT. Then the price could move towards 5.83 USDT. Then 5.55 USDT by extension. Attention should be paid to reaction of the price on these supports to see if buyers show up. Be careful, a return to above 6.41 USDT could be a sign of a recovery in the basic bullish trend.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bearish and could soon allow change to a bearish sentiment.
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This analysis was given by Henry07. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
POLKADOT - DOT/USDT rating 6.27 USDT. On the day, this instrument gained +2.79% and was between 5.99 USDT and 6.54 USDT. This implies that the price is at +4.67% from its lowest and at -4.13% from its highest.5.99
6.54
6.27
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
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 15 min. chart of POLKADOT - DOT/USDT indicates that the overall trend is bullish. 64.29% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that this trend could quickly be called into question. A phase of indecision or a reversal of the trend could occur. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 15 minutes
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 15 minutes
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 15 minutes
The probability of a further decline is low given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Downside gap
Type : Bearish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.63 | 6.03 | 6.14 | 6.27 | 6.57 | 7.11 | 7.55 |
| Change (%) | -10.21% | -3.83% | -2.07% | - | +4.78% | +13.40% | +20.41% |
| Change | -0.64 | -0.24 | -0.13 | - | +0.30 | +0.84 | +1.28 |
| Level | Intermediate | Intermediate | Major | - | 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 | 5.40 | 5.55 | 5.83 | 5.98 | 6.26 | 6.41 | 6.69 |
| Camarilla | 5.98 | 6.02 | 6.06 | 6.10 | 6.14 | 6.18 | 6.22 |
| Woodie | 5.46 | 5.58 | 5.89 | 6.01 | 6.32 | 6.44 | 6.75 |
| Fibonacci | 5.55 | 5.72 | 5.82 | 5.98 | 6.15 | 6.25 | 6.41 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.16 | 4.66 | 5.06 | 5.56 | 5.96 | 6.46 | 6.86 |
| Camarilla | 5.21 | 5.30 | 5.38 | 5.46 | 5.54 | 5.63 | 5.71 |
| Woodie | 4.11 | 4.64 | 5.01 | 5.54 | 5.91 | 6.44 | 6.81 |
| Fibonacci | 4.66 | 5.00 | 5.22 | 5.56 | 5.90 | 6.12 | 6.46 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.03 | 4.97 | 6.01 | 6.95 | 7.99 | 8.93 | 9.97 |
| Camarilla | 6.52 | 6.70 | 6.88 | 7.06 | 7.24 | 7.42 | 7.61 |
| Woodie | 4.09 | 5.00 | 6.07 | 6.98 | 8.05 | 8.96 | 10.03 |
| Fibonacci | 4.97 | 5.72 | 6.19 | 6.95 | 7.70 | 8.17 | 8.93 |
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): | 53.19 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | -7.13 | |
| AROON (14): | -85.72 | |
| DEMA (21): | 6.48 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.49 | |
| Elder Ray (13): | -0.04 | |
| Super Trend (3,10): | 6.33 | |
| Zig ZAG (10): | 6.42 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 26.80 | |
| TEMA (21): | 6.44 | |
| Williams %R (14): | -84.83 | |
| Chande Momentum Oscillator (20): | -0.13 | |
| Repulse (5,40,3): | -1.4900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1300 | |
| Courbe Coppock: | 2.99 |
| MA7: | 5.76 | |
| MA20: | 6.34 | |
| MA50: | 6.37 | |
| MA100: | 5.68 | |
| MAexp7: | 6.39 | |
| MAexp20: | 6.42 | |
| MAexp50: | 6.32 | |
| MAexp100: | 6.20 | |
| Price / MA7: | +8.85% | |
| Price / MA20: | -1.10% | |
| Price / MA50: | -1.57% | |
| Price / MA100: | +10.39% | |
| Price / MAexp7: | -1.88% | |
| Price / MAexp20: | -2.34% | |
| Price / MAexp50: | -0.79% | |
| Price / MAexp100: | +1.13% |
Quotes :
-
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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