POLKADOT - DOT/USDT - Daily - Technical analysis published on 09/23/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 4.19 USDT
My targets
3.67 USDT (-8.48%)
3.10 USDT (-22.69%)
My analysis
All elements being clearly 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 4.19 USDT. The sellers' bearish objective is set at 3.67 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 3.10 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.6
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Additional analysis
Quotes
The POLKADOT - DOT/USDT price is 4.01 USDT. The price is lower by -0.25% since the last closing with the lowest point at 4.00 USDT and the highest point at 4.04 USDT. The deviation from the price is +0.25% for the low point and -0.74% for the high point.4.00
4.04
4.01
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
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. 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.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 4.01 | 4.19 | 4.68 | 5.53 |
| Change (%) | - | +4.49% | +16.71% | +37.91% |
| Change | - | +0.18 | +0.67 | +1.52 |
| Level | - | Minor | Minor | 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 | 3.93 | 3.95 | 3.99 | 4.01 | 4.05 | 4.07 | 4.11 |
| Camarilla | 4.00 | 4.01 | 4.02 | 4.02 | 4.03 | 4.03 | 4.04 |
| Woodie | 3.93 | 3.96 | 3.99 | 4.02 | 4.05 | 4.08 | 4.11 |
| Fibonacci | 3.95 | 3.98 | 3.99 | 4.01 | 4.04 | 4.05 | 4.07 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.65 | 3.78 | 3.98 | 4.11 | 4.31 | 4.44 | 4.64 |
| Camarilla | 4.09 | 4.12 | 4.15 | 4.18 | 4.21 | 4.24 | 4.27 |
| Woodie | 3.69 | 3.80 | 4.02 | 4.13 | 4.35 | 4.46 | 4.68 |
| Fibonacci | 3.78 | 3.91 | 3.98 | 4.11 | 4.24 | 4.31 | 4.44 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.10 | 3.67 | 3.97 | 4.54 | 4.84 | 5.41 | 5.71 |
| Camarilla | 4.03 | 4.11 | 4.19 | 4.27 | 4.35 | 4.43 | 4.51 |
| Woodie | 2.97 | 3.60 | 3.84 | 4.47 | 4.71 | 5.34 | 5.58 |
| Fibonacci | 3.67 | 4.00 | 4.21 | 4.54 | 4.87 | 5.08 | 5.41 |
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): | 35.34 | |
| MACD (12,26,9): | -0.1100 | |
| Directional Movement: | -16.35 | |
| AROON (14): | -14.29 | |
| DEMA (21): | 3.99 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.17 | |
| Elder Ray (13): | -0.08 | |
| Super Trend (3,10): | 4.36 | |
| Zig ZAG (10): | 4.02 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 28.42 | |
| TEMA (21): | 4.01 | |
| Williams %R (14): | -68.48 | |
| Chande Momentum Oscillator (20): | 0.02 | |
| Repulse (5,40,3): | -1.6100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.4200 | |
| Courbe Coppock: | 6.21 |
| MA7: | 4.07 | |
| MA20: | 4.13 | |
| MA50: | 4.45 | |
| MA100: | 4.79 | |
| MAexp7: | 4.06 | |
| MAexp20: | 4.15 | |
| MAexp50: | 4.40 | |
| MAexp100: | 4.71 | |
| Price / MA7: | -1.47% | |
| Price / MA20: | -2.91% | |
| Price / MA50: | -9.89% | |
| Price / MA100: | -16.28% | |
| Price / MAexp7: | -1.23% | |
| Price / MAexp20: | -3.37% | |
| Price / MAexp50: | -8.86% | |
| Price / MAexp100: | -14.86% |
Quotes :
-
Real time data
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Cryptocompare
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