POLKADOT (X10) - DOT/BTC

- BTC (-)

- Real time data - CoinMarketCap

Open:	-
Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Cryptocurrencies
Ticker:	DOTBTC
ISIN:

POLKADOT (X10) - DOT/BTC - Daily - Technical analysis published on 03/07/2022 (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

33%

17%

50%

My opinion

Bearish under 0.004585 BTC

My targets

0.003825 BTC (-11.23%)

0.003259 BTC (-24.37%)

My analysis

The bearish trend is currently very strong for POLKADOT (X10) - DOT/BTC. As long as the price remains below the resistance at 0.004585 BTC, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.003825 BTC. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.003259 BTC as an objective. Crossing it would then enable sellers to target 0.002499 BTC. 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.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

5.5

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by SprangsOpportunities. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The POLKADOT (X10) - DOT/BTC rating is 0.004309 BTC. The price is lower by -2.47% since the last closing with the lowest point at 0.004275 BTC and the highest point at 0.004419 BTC. The deviation from the price is +0.80% for the low point and -2.49% for the high point.

0.004275

0.004419

0.004309

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

Technical

Technical analysis of this Daily chart of POLKADOT (X10) - DOT/BTC indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily

On the 18 technical indicators analysed, 6 are bullish, 9 are neutral and 3 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near resistance of channel

Type : Bearish

Timeframe : Daily

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Bearish engulfing lines

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	0.004220	0.004309	0.005151	0.006466	0.007930
Change (%)	-2.07%	-	+19.54%	+50.06%	+84.03%
Change	-0.000089	-	+0.000842	+0.002157	+0.003621
Level	Major	-	Intermediate	Intermediate	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.004108	0.004201	0.004310	0.004403	0.004512	0.004605	0.004714
Camarilla	0.004363	0.004381	0.004400	0.004418	0.004437	0.004455	0.004474
Woodie	0.004115	0.004205	0.004317	0.004407	0.004519	0.004609	0.004721
Fibonacci	0.004201	0.004279	0.004326	0.004403	0.004481	0.004528	0.004605

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.003528	0.003836	0.004114	0.004422	0.004700	0.005008	0.005286
Camarilla	0.004232	0.004286	0.004339	0.004393	0.004447	0.004500	0.004554
Woodie	0.003514	0.003829	0.004100	0.004415	0.004686	0.005001	0.005272
Fibonacci	0.003836	0.004060	0.004198	0.004422	0.004646	0.004784	0.005008

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.002499	0.003259	0.003825	0.004585	0.005151	0.005911	0.006477
Camarilla	0.004026	0.004148	0.004270	0.004391	0.004513	0.004634	0.004756
Woodie	0.002402	0.003211	0.003728	0.004537	0.005054	0.005863	0.006380
Fibonacci	0.003259	0.003766	0.004079	0.004585	0.005092	0.005405	0.005911

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	41.21
MACD (12,26,9):	-0.0001
Directional Movement:	-5.785962
AROON (14):	14.285715
DEMA (21):	0.004236
Parabolic SAR (0,02-0,02-0,2):	0.004150
Elder Ray (13):	-0.000026
Super Trend (3,10):	0.004883
Zig ZAG (10):	0.004312
VORTEX (21):	0.9915
Stochastique (14,3,5):	45.01
TEMA (21):	0.004303
Williams %R (14):	-63.07
Chande Momentum Oscillator (20):	0.000025
Repulse (5,40,3):	-0.4053
ROCnROLL:	2
TRIX (15,9):	-0.4912
Courbe Coppock:	2.57

MA7:	0.004305
MA20:	0.004384
MA50:	0.004773
MA100:	0.005336
MAexp7:	0.004346
MAexp20:	0.004430
MAexp50:	0.004781
MAexp100:	0.005209
Price / MA7:	+0.09%
Price / MA20:	-1.71%
Price / MA50:	-9.72%
Price / MA100:	-19.25%
Price / MAexp7:	-0.85%
Price / MAexp20:	-2.73%
Price / MAexp50:	-9.87%
Price / MAexp100:	-17.28%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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