POLKADOT - DOT/USDT - Daily - Technical analysis published on 10/13/2023 (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%
72%
11%
My opinion
Bearish under 3.99 USDT
My targets
3.48 USDT (-5.52%)
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 3.48 USDT. The bearish momentum would be revived by a break in this support. 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.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.9
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Additional analysis
Quotes
The POLKADOT - DOT/USDT rating is 3.68 USDT. On the day, this instrument gained +0.00% with the lowest point at 3.67 USDT and the highest point at 3.69 USDT. The deviation from the price is +0.27% for the low point and -0.27% for the high point.3.67
3.69
3.68
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this POLKADOT - DOT/USDT chart shows a sharp bearish trend. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bearish, suggesting that the price decline is expected to continue.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 3.68 | 3.99 | 4.68 | 5.53 |
| Change (%) | - | +8.42% | +27.17% | +50.27% |
| Change | - | +0.31 | +1.00 | +1.85 |
| Level | - | Major | Minor | Intermediate |
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 | 3.52 | 3.57 | 3.63 | 3.68 | 3.74 | 3.79 | 3.85 |
| Camarilla | 3.65 | 3.66 | 3.67 | 3.68 | 3.69 | 3.70 | 3.71 |
| Woodie | 3.52 | 3.57 | 3.63 | 3.68 | 3.74 | 3.79 | 3.85 |
| Fibonacci | 3.57 | 3.62 | 3.64 | 3.68 | 3.73 | 3.75 | 3.79 |
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 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): | 28.11 | |
| MACD (12,26,9): | -0.1100 | |
| Directional Movement: | -22.29 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 3.81 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.13 | |
| Elder Ray (13): | -0.21 | |
| Super Trend (3,10): | 4.01 | |
| Zig ZAG (10): | 3.68 | |
| VORTEX (21): | 0.8600 | |
| Stochastique (14,3,5): | 7.45 | |
| TEMA (21): | 3.79 | |
| Williams %R (14): | -92.30 | |
| Chande Momentum Oscillator (20): | -0.59 | |
| Repulse (5,40,3): | -3.4900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2500 | |
| Courbe Coppock: | 11.95 |
| MA7: | 3.84 | |
| MA20: | 3.99 | |
| MA50: | 4.13 | |
| MA100: | 4.59 | |
| MAexp7: | 3.80 | |
| MAexp20: | 3.95 | |
| MAexp50: | 4.16 | |
| MAexp100: | 4.47 | |
| Price / MA7: | -4.17% | |
| Price / MA20: | -7.77% | |
| Price / MA50: | -10.90% | |
| Price / MA100: | -19.83% | |
| Price / MAexp7: | -3.16% | |
| Price / MAexp20: | -6.84% | |
| Price / MAexp50: | -11.54% | |
| Price / MAexp100: | -17.67% |
Quotes :
-
Real time data
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