POLKADOT - DOT/USDT - 1H - Technical analysis published on 12/08/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 6.29 USDT
My targets
6.80 USDT (+2.67%)
7.70 USDT (+16.36%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on POLKADOT - DOT/USDT as long as the price remains well above 6.29 USDT. The buyers' bullish objective is set at 6.80 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 7.70 USDT. If there is any crossing, the next objective would be the resistance located at 23.20 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6
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This analysis was given by boobski. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
POLKADOT - DOT/USDT rating 6.62 USDT. The price has increased by +6.09% since the last closing and was traded between 6.17 USDT and 6.81 USDT over the period. The price is currently at +7.29% from its lowest and -2.79% from its highest.6.17
6.81
6.62
Here is a more detailed summary of the historical variations registered by POLKADOT - DOT/USDT:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of POLKADOT - DOT/USDT in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish 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 bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.91 | 6.20 | 6.29 | 6.62 | 23.20 | 37.36 | 53.84 |
| Change (%) | -10.73% | -6.34% | -4.98% | - | +250.45% | +464.35% | +713.29% |
| Change | -0.71 | -0.42 | -0.33 | - | +16.58 | +30.74 | +47.22 |
| Level | Minor | Minor | Intermediate | - | Minor | Minor | Major |
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 | 5.62 | 5.77 | 6.00 | 6.15 | 6.38 | 6.53 | 6.76 |
| Camarilla | 6.14 | 6.17 | 6.21 | 6.24 | 6.28 | 6.31 | 6.35 |
| Woodie | 5.67 | 5.79 | 6.05 | 6.17 | 6.43 | 6.55 | 6.81 |
| Fibonacci | 5.77 | 5.91 | 6.00 | 6.15 | 6.29 | 6.38 | 6.53 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.64 | 4.84 | 5.20 | 5.40 | 5.76 | 5.96 | 6.32 |
| Camarilla | 5.41 | 5.46 | 5.51 | 5.56 | 5.61 | 5.66 | 5.71 |
| Woodie | 4.72 | 4.88 | 5.28 | 5.44 | 5.84 | 6.00 | 6.40 |
| Fibonacci | 4.84 | 5.05 | 5.19 | 5.40 | 5.61 | 5.75 | 5.96 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.99 | 3.66 | 4.56 | 5.23 | 6.13 | 6.80 | 7.70 |
| Camarilla | 5.04 | 5.18 | 5.33 | 5.47 | 5.61 | 5.76 | 5.90 |
| Woodie | 3.12 | 3.72 | 4.69 | 5.29 | 6.26 | 6.86 | 7.83 |
| Fibonacci | 3.66 | 4.26 | 4.63 | 5.23 | 5.83 | 6.20 | 6.80 |
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): | 73.87 | |
| MACD (12,26,9): | 0.1400 | |
| Directional Movement: | 33.34 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 6.61 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.60 | |
| Elder Ray (13): | 0.12 | |
| Super Trend (3,10): | 6.42 | |
| Zig ZAG (10): | 6.64 | |
| VORTEX (21): | 1.2200 | |
| Stochastique (14,3,5): | 74.76 | |
| TEMA (21): | 6.68 | |
| Williams %R (14): | -28.66 | |
| Chande Momentum Oscillator (20): | 0.36 | |
| Repulse (5,40,3): | 0.0800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2500 | |
| Courbe Coppock: | 12.07 |
| MA7: | 5.94 | |
| MA20: | 5.49 | |
| MA50: | 5.04 | |
| MA100: | 4.54 | |
| MAexp7: | 6.60 | |
| MAexp20: | 6.44 | |
| MAexp50: | 6.25 | |
| MAexp100: | 6.05 | |
| Price / MA7: | +11.45% | |
| Price / MA20: | +20.58% | |
| Price / MA50: | +31.35% | |
| Price / MA100: | +45.81% | |
| Price / MAexp7: | +0.30% | |
| Price / MAexp20: | +2.80% | |
| Price / MAexp50: | +5.92% | |
| Price / MAexp100: | +9.42% |
Quotes :
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Real time data
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