POLKADOT - DOT/USD - 1H - Technical analysis published on 03/15/2022 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
39%
33%
28%
My opinion
Bearish under 17.60 USD
My targets
17.15 USD (-0.81%)
16.66 USD (-3.64%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on POLKADOT - DOT/USD as long as the price remains well below 17.60 USD. The next bearish objective for sellers is set at 17.15 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 16.66 USD. If there is any crossing, the next objective would be the support located at 16.06 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.2
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The POLKADOT - DOT/USD price is 17.29 USD. The price is lower by -2.37% since the last closing and was between 17.06 USD and 17.79 USD. This implies that the price is at +1.35% from its lowest and at -2.81% from its highest.17.06
17.79
17.29
Here is a more detailed summary of the historical variations registered by POLKADOT - DOT/USD:
Technical
A technical analysis in 1H of this POLKADOT - DOT/USD chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly 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.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 7 are bullish, 5 are neutral and 6 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 16.06 | 16.66 | 17.15 | 17.29 | 17.60 | 18.08 | 18.49 |
| Change (%) | -7.11% | -3.64% | -0.81% | - | +1.79% | +4.57% | +6.94% |
| Change | -1.23 | -0.63 | -0.14 | - | +0.31 | +0.79 | +1.20 |
| Level | Major | Intermediate | Minor | - | Minor | Major | 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 | 16.37 | 16.70 | 17.20 | 17.53 | 18.03 | 18.36 | 18.86 |
| Camarilla | 17.48 | 17.56 | 17.63 | 17.71 | 17.79 | 17.86 | 17.94 |
| Woodie | 16.47 | 16.74 | 17.30 | 17.57 | 18.13 | 18.40 | 18.96 |
| Fibonacci | 16.70 | 17.01 | 17.21 | 17.53 | 17.84 | 18.04 | 18.36 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.78 | 14.90 | 16.51 | 17.63 | 19.24 | 20.36 | 21.97 |
| Camarilla | 17.38 | 17.63 | 17.88 | 18.13 | 18.38 | 18.63 | 18.88 |
| Woodie | 14.04 | 15.02 | 16.77 | 17.75 | 19.50 | 20.48 | 22.23 |
| Fibonacci | 14.90 | 15.94 | 16.58 | 17.63 | 18.67 | 19.31 | 20.36 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.15 | 9.61 | 14.29 | 18.75 | 23.43 | 27.89 | 32.57 |
| Camarilla | 16.46 | 17.29 | 18.13 | 18.97 | 19.81 | 20.65 | 21.48 |
| Woodie | 5.26 | 9.67 | 14.40 | 18.81 | 23.54 | 27.95 | 32.68 |
| Fibonacci | 9.61 | 13.10 | 15.26 | 18.75 | 22.24 | 24.40 | 27.89 |
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): | 47.04 | |
| MACD (12,26,9): | -0.0800 | |
| Directional Movement: | -6.86 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 17.28 | |
| Parabolic SAR (0,02-0,02-0,2): | 17.62 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 17.68 | |
| Zig ZAG (10): | 17.32 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 34.70 | |
| TEMA (21): | 17.26 | |
| Williams %R (14): | -64.38 | |
| Chande Momentum Oscillator (20): | -0.14 | |
| Repulse (5,40,3): | 0.1800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0600 | |
| Courbe Coppock: | 3.05 |
| MA7: | 17.56 | |
| MA20: | 17.54 | |
| MA50: | 18.45 | |
| MA100: | 22.38 | |
| MAexp7: | 17.31 | |
| MAexp20: | 17.38 | |
| MAexp50: | 17.53 | |
| MAexp100: | 17.60 | |
| Price / MA7: | -1.54% | |
| Price / MA20: | -1.43% | |
| Price / MA50: | -6.29% | |
| Price / MA100: | -22.74% | |
| Price / MAexp7: | -0.12% | |
| Price / MAexp20: | -0.52% | |
| Price / MAexp50: | -1.37% | |
| Price / MAexp100: | -1.76% |
Quotes :
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Real time data
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