POLKADOT - DOT/USDT - Weekly - Technical analysis published on 10/17/2023 (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
22%
67%
11%
My opinion
Bearish under 4.74 USDT
My targets
3.48 USDT (-5.26%)
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 4.74 USDT. The next support located at 3.48 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. 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, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
7.5
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This analysis was given by finacian. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The POLKADOT - DOT/USDT rating is 3.67 USDT. The price registered a decrease of -1.87% over 5 days and has been traded over the last 5 days between 3.67 USDT and 3.87 USDT. This implies that the 5 day price is +0.07% from its lowest point and -5.14% from its highest point.3.67
3.87
3.67
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
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
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Weekly chart of POLKADOT - DOT/USDT indicates that the overall trend is strongly bearish. 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 2 are neutral and 12 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Weekly
Williams %R indicator is oversold : under -80
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, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 3.67 | 10.96 | 23.20 | 39.58 |
| Change (%) | - | +198.64% | +532.15% | +978.47% |
| Change | - | +7.29 | +19.53 | +35.91 |
| Level | - | Minor | Minor | Minor |
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 | 3.59 | 3.66 | 3.73 | 3.80 | 3.87 | 3.94 | 4.01 |
| Camarilla | 3.75 | 3.76 | 3.78 | 3.79 | 3.80 | 3.82 | 3.83 |
| Woodie | 3.58 | 3.66 | 3.72 | 3.80 | 3.86 | 3.94 | 4.00 |
| Fibonacci | 3.66 | 3.72 | 3.75 | 3.80 | 3.86 | 3.89 | 3.94 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.11 | 3.37 | 3.55 | 3.81 | 3.99 | 4.25 | 4.43 |
| Camarilla | 3.61 | 3.65 | 3.69 | 3.73 | 3.77 | 3.81 | 3.85 |
| Woodie | 3.07 | 3.35 | 3.51 | 3.79 | 3.95 | 4.23 | 4.39 |
| Fibonacci | 3.37 | 3.54 | 3.64 | 3.81 | 3.98 | 4.08 | 4.25 |
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): | 32.92 | |
| MACD (12,26,9): | -0.5300 | |
| Directional Movement: | -10.30 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 3.86 | |
| Parabolic SAR (0,02-0,02-0,2): | 17.69 | |
| Elder Ray (13): | -0.50 | |
| Super Trend (3,10): | 5.06 | |
| Zig ZAG (10): | 3.69 | |
| VORTEX (21): | 0.8600 | |
| Stochastique (14,3,5): | 4.57 | |
| TEMA (21): | 3.88 | |
| Williams %R (14): | -97.48 | |
| Chande Momentum Oscillator (20): | -1.50 | |
| Repulse (5,40,3): | -12.9300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -1.1900 | |
| Courbe Coppock: | 44.36 |
| MA7: | 3.73 | |
| MA20: | 3.93 | |
| MA50: | 4.07 | |
| MA100: | 4.53 | |
| MAexp7: | 4.01 | |
| MAexp20: | 4.55 | |
| MAexp50: | 6.20 | |
| MAexp100: | 11.65 | |
| Price / MA7: | -1.61% | |
| Price / MA20: | -6.62% | |
| Price / MA50: | -9.83% | |
| Price / MA100: | -18.98% | |
| Price / MAexp7: | -8.48% | |
| Price / MAexp20: | -19.34% | |
| Price / MAexp50: | -40.81% | |
| Price / MAexp100: | -68.50% |
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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