POLKADOT - DOT/USDT - 1H - Technical analysis published on 12/11/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
39%
44%
17%
My opinion
Bearish under 6.81 USDT
My targets
6.20 USDT (-6.49%)
5.91 USDT (-10.86%)
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 6.81 USDT. The next support located at 6.20 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 5.91 USDT. Below this support, sellers could then target 5.71 USDT.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
4.5
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This analysis was given by boobski. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The POLKADOT - DOT/USDT rating is 6.63 USDT. On the day, this instrument lost -9.80% and was between 6.40 USDT and 7.36 USDT. This implies that the price is at +3.59% from its lowest and at -9.92% from its highest.6.40
7.36
6.63
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
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
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this POLKADOT - DOT/USDT chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 7 are bullish, 3 are neutral and 8 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.71 | 5.91 | 6.20 | 6.63 | 6.81 | 23.20 | 37.36 |
| Change (%) | -13.88% | -10.86% | -6.49% | - | +2.71% | +249.92% | +463.50% |
| Change | -0.92 | -0.72 | -0.43 | - | +0.18 | +16.57 | +30.73 |
| Level | Intermediate | Minor | Minor | - | 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 | 6.70 | 6.83 | 7.09 | 7.22 | 7.48 | 7.61 | 7.87 |
| Camarilla | 7.24 | 7.28 | 7.31 | 7.35 | 7.39 | 7.42 | 7.46 |
| Woodie | 6.77 | 6.86 | 7.16 | 7.25 | 7.55 | 7.64 | 7.94 |
| Fibonacci | 6.83 | 6.98 | 7.07 | 7.22 | 7.37 | 7.46 | 7.61 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.53 | 4.48 | 5.79 | 6.74 | 8.05 | 9.00 | 10.31 |
| Camarilla | 6.48 | 6.69 | 6.89 | 7.10 | 7.31 | 7.51 | 7.72 |
| Woodie | 3.71 | 4.57 | 5.97 | 6.83 | 8.23 | 9.09 | 10.49 |
| Fibonacci | 4.48 | 5.34 | 5.88 | 6.74 | 7.60 | 8.14 | 9.00 |
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): | 37.51 | |
| MACD (12,26,9): | -0.1300 | |
| Directional Movement: | -20.48 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 6.55 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.83 | |
| Elder Ray (13): | -0.06 | |
| Super Trend (3,10): | 6.86 | |
| Zig ZAG (10): | 6.60 | |
| VORTEX (21): | 0.8000 | |
| Stochastique (14,3,5): | 41.92 | |
| TEMA (21): | 6.50 | |
| Williams %R (14): | -48.92 | |
| Chande Momentum Oscillator (20): | -0.09 | |
| Repulse (5,40,3): | 1.5500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2800 | |
| Courbe Coppock: | 5.56 |
| MA7: | 6.59 | |
| MA20: | 5.78 | |
| MA50: | 5.24 | |
| MA100: | 4.62 | |
| MAexp7: | 6.61 | |
| MAexp20: | 6.72 | |
| MAexp50: | 6.87 | |
| MAexp100: | 6.78 | |
| Price / MA7: | +0.61% | |
| Price / MA20: | +14.71% | |
| Price / MA50: | +26.53% | |
| Price / MA100: | +43.51% | |
| Price / MAexp7: | +0.30% | |
| Price / MAexp20: | -1.34% | |
| Price / MAexp50: | -3.49% | |
| Price / MAexp100: | -2.21% |
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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