POLKADOT - DOT/USDT - Daily - Technical analysis published on 09/15/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 4.68 USDT
My targets
3.93 USDT (-4.07%)
3.60 USDT (-12.27%)
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 4.68 USDT. The next support located at 3.93 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 3.60 USDT. Below this support, sellers could then target 2.95 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.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.8
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Additional analysis
Quotes
POLKADOT - DOT/USDT rating 4.10 USDT. On the day, this instrument gained +0.99% with the lowest point at 4.05 USDT and the highest point at 4.14 USDT. The deviation from the price is +1.23% for the low point and -0.97% for the high point.4.05
4.14
4.10
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
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 (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of POLKADOT - DOT/USDT in Daily shows a overall strongly bearish trend. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 4.10 | 4.68 | 5.50 | 5.86 |
| Change (%) | - | +14.15% | +34.15% | +42.93% |
| Change | - | +0.58 | +1.40 | +1.76 |
| Level | - | Minor | Intermediate | Intermediate |
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 | 3.87 | 3.92 | 3.99 | 4.04 | 4.11 | 4.16 | 4.23 |
| Camarilla | 4.03 | 4.04 | 4.05 | 4.06 | 4.07 | 4.08 | 4.09 |
| Woodie | 3.88 | 3.93 | 4.00 | 4.05 | 4.12 | 4.17 | 4.24 |
| Fibonacci | 3.92 | 3.97 | 3.99 | 4.04 | 4.09 | 4.11 | 4.16 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.02 | 4.10 | 4.17 | 4.25 | 4.32 | 4.40 | 4.47 |
| Camarilla | 4.20 | 4.21 | 4.23 | 4.24 | 4.25 | 4.27 | 4.28 |
| Woodie | 4.02 | 4.10 | 4.17 | 4.25 | 4.32 | 4.40 | 4.47 |
| Fibonacci | 4.10 | 4.16 | 4.19 | 4.25 | 4.31 | 4.34 | 4.40 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.95 | 3.60 | 3.93 | 4.58 | 4.91 | 5.56 | 5.89 |
| Camarilla | 4.00 | 4.09 | 4.18 | 4.27 | 4.36 | 4.45 | 4.54 |
| Woodie | 2.80 | 3.52 | 3.78 | 4.50 | 4.76 | 5.48 | 5.74 |
| Fibonacci | 3.60 | 3.97 | 4.20 | 4.58 | 4.95 | 5.18 | 5.56 |
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): | 34.78 | |
| MACD (12,26,9): | -0.1600 | |
| Directional Movement: | -18.98 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 4.02 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.38 | |
| Elder Ray (13): | -0.07 | |
| Super Trend (3,10): | 4.43 | |
| Zig ZAG (10): | 4.10 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 31.86 | |
| TEMA (21): | 4.01 | |
| Williams %R (14): | -54.39 | |
| Chande Momentum Oscillator (20): | -0.16 | |
| Repulse (5,40,3): | 0.4900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.5200 | |
| Courbe Coppock: | 13.91 |
| MA7: | 4.07 | |
| MA20: | 4.26 | |
| MA50: | 4.61 | |
| MA100: | 4.83 | |
| MAexp7: | 4.09 | |
| MAexp20: | 4.24 | |
| MAexp50: | 4.52 | |
| MAexp100: | 4.81 | |
| Price / MA7: | +0.74% | |
| Price / MA20: | -3.76% | |
| Price / MA50: | -11.06% | |
| Price / MA100: | -15.11% | |
| Price / MAexp7: | +0.24% | |
| Price / MAexp20: | -3.30% | |
| Price / MAexp50: | -9.29% | |
| Price / MAexp100: | -14.76% |
Quotes :
-
Real time data
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Cryptocompare
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