POLKADOT - DOT/USDT - 1H - Technical analysis published on 05/24/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 5.40 USDT
My targets
5.27 USDT (-0.94%)
5.23 USDT (-1.69%)
My analysis
All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on POLKADOT - DOT/USDT as long as the price remains well below 5.40 USDT. The next bearish objective for sellers is set at 5.27 USDT. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 5.23 USDT. If there is any crossing, the next objective would be the support located at 4.29 USDT. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.5
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This analysis was given by cassedre. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The POLKADOT - DOT/USDT rating is 5.32 USDT. The price is lower by -1.48% since the last closing and was traded between 5.27 USDT and 5.41 USDT over the period. The price is currently at +0.95% from its lowest and -1.66% from its highest.5.27
5.41
5.32
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this POLKADOT - DOT/USDT chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. The overall trend seems to be showing some signs of weakness, as do the tentative bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 4 are neutral and 10 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.29 | 5.23 | 5.27 | 5.32 | 5.33 | 5.40 | 5.43 |
| Change (%) | -19.36% | -1.69% | -0.94% | - | +0.19% | +1.50% | +2.07% |
| Change | -1.03 | -0.09 | -0.05 | - | +0.01 | +0.08 | +0.11 |
| Level | Major | Major | Minor | - | Minor | Major | 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 | 5.15 | 5.22 | 5.31 | 5.38 | 5.47 | 5.54 | 5.63 |
| Camarilla | 5.36 | 5.37 | 5.39 | 5.40 | 5.42 | 5.43 | 5.44 |
| Woodie | 5.16 | 5.23 | 5.32 | 5.39 | 5.48 | 5.55 | 5.64 |
| Fibonacci | 5.22 | 5.28 | 5.32 | 5.38 | 5.44 | 5.48 | 5.54 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.03 | 5.13 | 5.27 | 5.37 | 5.51 | 5.61 | 5.75 |
| Camarilla | 5.34 | 5.37 | 5.39 | 5.41 | 5.43 | 5.45 | 5.48 |
| Woodie | 5.05 | 5.14 | 5.29 | 5.38 | 5.53 | 5.62 | 5.77 |
| Fibonacci | 5.13 | 5.22 | 5.28 | 5.37 | 5.46 | 5.52 | 5.61 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.96 | 4.79 | 5.33 | 6.16 | 6.70 | 7.53 | 8.07 |
| Camarilla | 5.50 | 5.63 | 5.75 | 5.88 | 6.01 | 6.13 | 6.26 |
| Woodie | 3.83 | 4.72 | 5.20 | 6.09 | 6.57 | 7.46 | 7.94 |
| Fibonacci | 4.79 | 5.31 | 5.63 | 6.16 | 6.68 | 7.00 | 7.53 |
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): | 40.96 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | -18.80 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 5.36 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.41 | |
| Elder Ray (13): | -0.04 | |
| Super Trend (3,10): | 5.40 | |
| Zig ZAG (10): | 5.32 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 28.61 | |
| TEMA (21): | 5.35 | |
| Williams %R (14): | -64.54 | |
| Chande Momentum Oscillator (20): | -0.06 | |
| Repulse (5,40,3): | -0.1000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 1.04 |
| MA7: | 5.35 | |
| MA20: | 5.40 | |
| MA50: | 5.87 | |
| MA100: | 6.07 | |
| MAexp7: | 5.34 | |
| MAexp20: | 5.36 | |
| MAexp50: | 5.36 | |
| MAexp100: | 5.36 | |
| Price / MA7: | -0.56% | |
| Price / MA20: | -1.48% | |
| Price / MA50: | -9.37% | |
| Price / MA100: | -12.36% | |
| Price / MAexp7: | -0.37% | |
| Price / MAexp20: | -0.75% | |
| Price / MAexp50: | -0.75% | |
| Price / MAexp100: | -0.75% |
Quotes :
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Real time data
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