POLKADOT - DOT/USDT - Daily - Technical analysis published on 04/18/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 7.01 USDT
My targets
6.34 USDT (-6.49%)
5.71 USDT (-15.78%)
My analysis
The bearish trend is currently very strong for POLKADOT - DOT/USDT. As long as the price remains below the resistance at 7.01 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 6.34 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 5.71 USDT as an objective. Crossing it would then enable sellers to target 4.86 USDT. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.4
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This analysis was given by mh572. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The POLKADOT - DOT/USDT price is 6.78 USDT. The price has increased by +3.04% since the last closing with the lowest point at 6.45 USDT and the highest point at 6.81 USDT. The deviation from the price is +5.12% for the low point and -0.44% for the high point.6.45
6.81
6.78
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this Daily chart of POLKADOT - DOT/USDT indicates that the overall trend is strongly bearish. 85.71% 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 scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 4 are bullish, 4 are neutral and 10 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.86 | 5.71 | 6.34 | 6.78 | 7.01 | 8.38 | 9.20 |
| Change (%) | -28.32% | -15.78% | -6.49% | - | +3.39% | +23.60% | +35.69% |
| Change | -1.92 | -1.07 | -0.44 | - | +0.23 | +1.60 | +2.42 |
| Level | Minor | Intermediate | Major | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.90 | 6.11 | 6.35 | 6.56 | 6.80 | 7.01 | 7.25 |
| Camarilla | 6.46 | 6.50 | 6.54 | 6.58 | 6.62 | 6.66 | 6.70 |
| Woodie | 5.91 | 6.12 | 6.36 | 6.57 | 6.81 | 7.02 | 7.26 |
| Fibonacci | 6.11 | 6.29 | 6.39 | 6.56 | 6.74 | 6.84 | 7.01 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.78 | 3.79 | 5.09 | 7.10 | 8.40 | 10.41 | 11.71 |
| Camarilla | 5.48 | 5.78 | 6.09 | 6.39 | 6.69 | 7.00 | 7.30 |
| Woodie | 1.43 | 3.61 | 4.74 | 6.92 | 8.05 | 10.23 | 11.36 |
| Fibonacci | 3.79 | 5.05 | 5.84 | 7.10 | 8.36 | 9.15 | 10.41 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.36 | 6.32 | 7.98 | 9.94 | 11.60 | 13.56 | 15.22 |
| Camarilla | 8.66 | 8.99 | 9.32 | 9.65 | 9.98 | 10.31 | 10.65 |
| Woodie | 4.22 | 6.25 | 7.84 | 9.87 | 11.46 | 13.49 | 15.08 |
| Fibonacci | 6.32 | 7.70 | 8.55 | 9.94 | 11.32 | 12.17 | 13.56 |
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): | 33.79 | |
| MACD (12,26,9): | -0.7000 | |
| Directional Movement: | -19.85 | |
| AROON (14): | -28.58 | |
| DEMA (21): | 6.98 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.41 | |
| Elder Ray (13): | -0.80 | |
| Super Trend (3,10): | 8.58 | |
| Zig ZAG (10): | 6.78 | |
| VORTEX (21): | 0.7700 | |
| Stochastique (14,3,5): | 26.82 | |
| TEMA (21): | 6.45 | |
| Williams %R (14): | -70.37 | |
| Chande Momentum Oscillator (20): | -1.71 | |
| Repulse (5,40,3): | 3.2900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.8800 | |
| Courbe Coppock: | 43.33 |
| MA7: | 6.75 | |
| MA20: | 8.05 | |
| MA50: | 9.13 | |
| MA100: | 8.20 | |
| MAexp7: | 6.97 | |
| MAexp20: | 7.82 | |
| MAexp50: | 8.39 | |
| MAexp100: | 8.14 | |
| Price / MA7: | +0.44% | |
| Price / MA20: | -15.78% | |
| Price / MA50: | -25.74% | |
| Price / MA100: | -17.32% | |
| Price / MAexp7: | -2.73% | |
| Price / MAexp20: | -13.30% | |
| Price / MAexp50: | -19.19% | |
| Price / MAexp100: | -16.71% |
Quotes :
-
Real time data
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Cryptocompare
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