POLKADOT - DOT/USDT - 15 min. - Technical analysis published on 01/31/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
50%
6%
44%
My opinion
Bearish under 6.92 USDT
My targets
6.74 USDT (-1.13%)
6.65 USDT (-2.54%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 6.92 USDT remains possible. It is advisable to trade POLKADOT - DOT/USDT with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 6.92 USDT. The next bearish objective for sellers is set at 6.74 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 6.65 USDT. In case of crossing, the next objective would be the support located at 6.47 USDT. PS: if there is a bullish break in the resistance located at 6.92 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
2.5
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Additional analysis
Quotes
POLKADOT - DOT/USDT rating 6.82 USDT. On the day, this instrument lost -0.29% with the lowest point at 6.75 USDT and the highest point at 6.86 USDT. The deviation from the price is +1.04% for the low point and -0.58% for the high point.6.75
6.86
6.82
Here is a more detailed summary of the historical variations registered by POLKADOT - DOT/USDT:
Technical
Technical analysis of POLKADOT - DOT/USDT in 15 min. shows an overall bearish trend. The signals given by moving averages are 78.57% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a slightly bullish signal.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
RSI indicator is back under 50
Type : Bearish
Timeframe : 15 minutes
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Black hanging man / hammer
Type : Neutral
Timeframe : 15 minutes
Doji
Type : Neutral
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.34 | 6.57 | 6.73 | 6.82 | 6.91 | 7.30 | 7.60 |
| Change (%) | -7.04% | -3.67% | -1.32% | - | +1.32% | +7.04% | +11.44% |
| Change | -0.48 | -0.25 | -0.09 | - | +0.09 | +0.48 | +0.78 |
| Level | Major | Intermediate | Intermediate | - | Minor | Intermediate | 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 | 6.47 | 6.65 | 6.74 | 6.92 | 7.01 | 7.19 | 7.28 |
| Camarilla | 6.77 | 6.79 | 6.82 | 6.84 | 6.87 | 6.89 | 6.91 |
| Woodie | 6.44 | 6.63 | 6.71 | 6.90 | 6.98 | 7.17 | 7.25 |
| Fibonacci | 6.65 | 6.75 | 6.81 | 6.92 | 7.02 | 7.08 | 7.19 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.11 | 5.54 | 6.11 | 6.54 | 7.11 | 7.54 | 8.11 |
| Camarilla | 6.40 | 6.49 | 6.58 | 6.67 | 6.76 | 6.85 | 6.95 |
| Woodie | 5.17 | 5.58 | 6.17 | 6.58 | 7.17 | 7.58 | 8.17 |
| Fibonacci | 5.54 | 5.93 | 6.16 | 6.54 | 6.93 | 7.16 | 7.54 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.31 | 4.85 | 6.52 | 8.06 | 9.73 | 11.27 | 12.94 |
| Camarilla | 7.32 | 7.61 | 7.91 | 8.20 | 8.49 | 8.79 | 9.08 |
| Woodie | 3.39 | 4.88 | 6.60 | 8.09 | 9.81 | 11.30 | 13.02 |
| Fibonacci | 4.85 | 6.07 | 6.83 | 8.06 | 9.28 | 10.04 | 11.27 |
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): | 51.92 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | -5.79 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 6.82 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.80 | |
| Elder Ray (13): | 0.02 | |
| Super Trend (3,10): | 6.88 | |
| Zig ZAG (10): | 6.85 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 89.11 | |
| TEMA (21): | 6.84 | |
| Williams %R (14): | -27.74 | |
| Chande Momentum Oscillator (20): | 0.02 | |
| Repulse (5,40,3): | 0.0100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 0.69 |
| MA7: | 6.76 | |
| MA20: | 6.95 | |
| MA50: | 7.47 | |
| MA100: | 6.38 | |
| MAexp7: | 6.84 | |
| MAexp20: | 6.84 | |
| MAexp50: | 6.87 | |
| MAexp100: | 6.91 | |
| Price / MA7: | +0.89% | |
| Price / MA20: | -1.87% | |
| Price / MA50: | -8.70% | |
| Price / MA100: | +6.90% | |
| Price / MAexp7: | -0.29% | |
| Price / MAexp20: | -0.29% | |
| Price / MAexp50: | -0.73% | |
| Price / MAexp100: | -1.30% |
Quotes :
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Real time data
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