POLKADOT - DOT/USD - 1H - Technical analysis published on 07/19/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 7.63 USD
My targets
7.73 USD (+1.18%)
8.88 USD (+16.23%)
My analysis
POLKADOT - DOT/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 7.63 USD. The next resistance located at 7.73 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 8.88 USD. After this resistance, buyers could then target 10.96 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.9
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Additional analysis
Quotes
The POLKADOT - DOT/USD rating is 7.64 USD. The price is lower by -0.26% since the last closing and was between 7.58 USD and 7.98 USD. This implies that the price is at +0.79% from its lowest and at -4.26% from its highest.7.58
7.98
7.64
Here is a more detailed summary of the historical variations registered by POLKADOT - DOT/USD:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of POLKADOT - DOT/USD in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 12 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 6.56 | 6.84 | 7.23 | 7.64 | 7.73 | 10.96 | 18.05 |
| Change (%) | -14.14% | -10.47% | -5.37% | - | +1.18% | +43.46% | +136.26% |
| Change | -1.08 | -0.80 | -0.41 | - | +0.09 | +3.32 | +10.41 |
| Level | Major | Intermediate | Minor | - | Minor | Intermediate | Intermediate |
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 | 6.30 | 6.60 | 7.13 | 7.43 | 7.96 | 8.26 | 8.79 |
| Camarilla | 7.43 | 7.51 | 7.58 | 7.66 | 7.74 | 7.81 | 7.89 |
| Woodie | 6.42 | 6.66 | 7.25 | 7.49 | 8.08 | 8.32 | 8.91 |
| Fibonacci | 6.60 | 6.92 | 7.11 | 7.43 | 7.75 | 7.94 | 8.26 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.13 | 5.57 | 6.38 | 6.82 | 7.63 | 8.07 | 8.88 |
| Camarilla | 6.85 | 6.96 | 7.08 | 7.19 | 7.31 | 7.42 | 7.53 |
| Woodie | 5.32 | 5.66 | 6.57 | 6.91 | 7.82 | 8.16 | 9.07 |
| Fibonacci | 5.57 | 6.05 | 6.34 | 6.82 | 7.30 | 7.59 | 8.07 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.00 | 3.68 | 5.37 | 8.05 | 9.74 | 12.42 | 14.11 |
| Camarilla | 5.87 | 6.27 | 6.67 | 7.07 | 7.47 | 7.87 | 8.27 |
| Woodie | 0.52 | 3.43 | 4.89 | 7.80 | 9.26 | 12.17 | 13.63 |
| Fibonacci | 3.68 | 5.35 | 6.38 | 8.05 | 9.72 | 10.75 | 12.42 |
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): | 66.68 | |
| MACD (12,26,9): | 0.1200 | |
| Directional Movement: | 25.17 | |
| AROON (14): | 35.72 | |
| DEMA (21): | 7.63 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.27 | |
| Elder Ray (13): | 0.30 | |
| Super Trend (3,10): | 7.31 | |
| Zig ZAG (10): | 7.80 | |
| VORTEX (21): | 1.1800 | |
| Stochastique (14,3,5): | 82.00 | |
| TEMA (21): | 7.66 | |
| Williams %R (14): | -28.00 | |
| Chande Momentum Oscillator (20): | 0.24 | |
| Repulse (5,40,3): | 2.0000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1900 | |
| Courbe Coppock: | 2.02 |
| MA7: | 7.08 | |
| MA20: | 6.96 | |
| MA50: | 7.74 | |
| MA100: | 10.83 | |
| MAexp7: | 7.61 | |
| MAexp20: | 7.48 | |
| MAexp50: | 7.29 | |
| MAexp100: | 7.11 | |
| Price / MA7: | +7.91% | |
| Price / MA20: | +9.77% | |
| Price / MA50: | -1.29% | |
| Price / MA100: | -29.46% | |
| Price / MAexp7: | +0.39% | |
| Price / MAexp20: | +2.14% | |
| Price / MAexp50: | +4.80% | |
| Price / MAexp100: | +7.45% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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