POLKADOT - DOT/USDT - Daily - Technical analysis published on 10/10/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 3.99 USDT
My targets
3.69 USDT (-2.82%)
3.48 USDT (-8.50%)
My analysis
The bearish trend is currently very strong for POLKADOT - DOT/USDT. As long as the price remains below the resistance at 3.99 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 3.69 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 3.48 USDT as an objective. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.5
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Additional analysis
Quotes
The POLKADOT - DOT/USDT rating is 3.80 USDT. The price registered a decrease of -2.06% on the session and was between 3.80 USDT and 3.89 USDT. This implies that the price is at 0% from its lowest and at -2.31% from its highest.3.80
3.89
3.80
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 (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of POLKADOT - DOT/USDT indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 11 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 3.80 | 3.99 | 4.28 | 5.53 |
| Change (%) | - | +5.00% | +12.63% | +45.53% |
| Change | - | +0.19 | +0.48 | +1.73 |
| Level | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.50 | 3.63 | 3.76 | 3.89 | 4.02 | 4.15 | 4.28 |
| Camarilla | 3.81 | 3.83 | 3.86 | 3.88 | 3.90 | 3.93 | 3.95 |
| Woodie | 3.49 | 3.63 | 3.75 | 3.89 | 4.01 | 4.15 | 4.27 |
| Fibonacci | 3.63 | 3.73 | 3.79 | 3.89 | 3.99 | 4.05 | 4.15 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.62 | 3.80 | 3.92 | 4.10 | 4.22 | 4.40 | 4.52 |
| Camarilla | 3.97 | 4.00 | 4.02 | 4.05 | 4.08 | 4.11 | 4.13 |
| Woodie | 3.60 | 3.79 | 3.90 | 4.09 | 4.20 | 4.39 | 4.50 |
| Fibonacci | 3.80 | 3.91 | 3.98 | 4.10 | 4.21 | 4.28 | 4.40 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.48 | 3.69 | 3.90 | 4.11 | 4.32 | 4.53 | 4.74 |
| Camarilla | 3.99 | 4.02 | 4.06 | 4.10 | 4.14 | 4.18 | 4.22 |
| Woodie | 3.47 | 3.69 | 3.89 | 4.11 | 4.31 | 4.53 | 4.73 |
| Fibonacci | 3.69 | 3.85 | 3.95 | 4.11 | 4.27 | 4.37 | 4.53 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 32.74 | |
| MACD (12,26,9): | -0.0700 | |
| Directional Movement: | -16.73 | |
| AROON (14): | -57.15 | |
| DEMA (21): | 3.95 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.22 | |
| Elder Ray (13): | -0.16 | |
| Super Trend (3,10): | 4.19 | |
| Zig ZAG (10): | 3.81 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 14.84 | |
| TEMA (21): | 3.97 | |
| Williams %R (14): | -91.86 | |
| Chande Momentum Oscillator (20): | -0.26 | |
| Repulse (5,40,3): | -5.4300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1900 | |
| Courbe Coppock: | 2.96 |
| MA7: | 3.98 | |
| MA20: | 4.04 | |
| MA50: | 4.18 | |
| MA100: | 4.64 | |
| MAexp7: | 3.96 | |
| MAexp20: | 4.04 | |
| MAexp50: | 4.22 | |
| MAexp100: | 4.52 | |
| Price / MA7: | -4.52% | |
| Price / MA20: | -5.94% | |
| Price / MA50: | -9.09% | |
| Price / MA100: | -18.10% | |
| Price / MAexp7: | -4.04% | |
| Price / MAexp20: | -5.94% | |
| Price / MAexp50: | -9.95% | |
| Price / MAexp100: | -15.93% |
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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