POLKADOT - DOT/USDT - Weekly - Technical analysis published on 10/13/2023 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
6%
67%
28%
My opinion
Bearish under 4.74 USDT
My targets
3.48 USDT (-5.52%)
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 4.74 USDT. The sellers' bearish objective is set at 3.48 USDT. A bearish break of this support would revive the bearish momentum. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
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
8
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Additional analysis
Quotes
POLKADOT - DOT/USDT rating 3.68 USDT. Over 5 days, this instrument lost -9.17% and has been traded over the last 5 days between 3.67 USDT and 4.03 USDT. This implies that the 5 day price is +0.27% from its lowest point and -8.67% from its highest point.3.67
4.03
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
Technical analysis of POLKADOT - DOT/USDT in Weekly 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 12 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Weekly
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
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 | 3.68 | 10.96 | 23.20 | 39.58 |
| Change (%) | - | +197.83% | +530.43% | +975.54% |
| Change | - | +7.28 | +19.52 | +35.90 |
| Level | - | Minor | Minor | 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 | 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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 32.87 | |
| MACD (12,26,9): | -0.5200 | |
| Directional Movement: | -10.55 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 3.96 | |
| Parabolic SAR (0,02-0,02-0,2): | 17.99 | |
| Elder Ray (13): | -0.53 | |
| Super Trend (3,10): | 5.22 | |
| Zig ZAG (10): | 3.68 | |
| VORTEX (21): | 0.8500 | |
| Stochastique (14,3,5): | 9.93 | |
| TEMA (21): | 4.00 | |
| Williams %R (14): | -97.66 | |
| Chande Momentum Oscillator (20): | -1.71 | |
| Repulse (5,40,3): | -16.4000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -1.1400 | |
| Courbe Coppock: | 40.56 |
| MA7: | 3.84 | |
| MA20: | 3.99 | |
| MA50: | 4.13 | |
| MA100: | 4.59 | |
| MAexp7: | 4.11 | |
| MAexp20: | 4.64 | |
| MAexp50: | 6.31 | |
| MAexp100: | 11.81 | |
| Price / MA7: | -4.17% | |
| Price / MA20: | -7.77% | |
| Price / MA50: | -10.90% | |
| Price / MA100: | -19.83% | |
| Price / MAexp7: | -10.46% | |
| Price / MAexp20: | -20.69% | |
| Price / MAexp50: | -41.68% | |
| Price / MAexp100: | -68.84% |
Quotes :
-
Real time data
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