POLKADOT - DOT/USD - 1H - Technical analysis published on 07/21/2022 (GMT)
- 209
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 7.31 USD
My targets
7.64 USD (+1.46%)
8.02 USD (+6.51%)
My analysis
The basic trend is currently slightly bullish on POLKADOT - DOT/USD and the short term does not seem to show any sign of improvement. Buyers are struggling to get their hands on this instrument. However, as long as the price remains above 7.31 USD, purchases could be favourable. The first bullish objective would be the resistance located at 7.64 USD. Then the price could move towards 8.02 USD. Then 10.96 USD by extension. A return under the support to 7.31 USD could jeopardize this fragile bullish trend. Indecision would then be total and in this case you could keep away.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
5
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 nwbrown2. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The POLKADOT - DOT/USD price is 7.53 USD. On the day, this instrument gained +0.94% and was traded between 7.18 USD and 7.59 USD over the period. The price is currently at +4.87% from its lowest and -0.79% from its highest.7.18
7.59
7.53
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 this 1H chart of POLKADOT - DOT/USD indicates that the overall trend is slightly bullish. 60.71% of the signals given by moving averages are bullish. The slightly bullish signals given by short-term moving averages do not show a strengthening of this global trend. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.56 | 6.87 | 7.31 | 7.53 | 7.64 | 8.02 | 10.96 |
| Change (%) | -12.88% | -8.76% | -2.92% | - | +1.46% | +6.51% | +45.55% |
| Change | -0.97 | -0.66 | -0.22 | - | +0.11 | +0.49 | +3.43 |
| Level | Major | Minor | Major | - | 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 | 6.47 | 6.91 | 7.19 | 7.63 | 7.91 | 8.35 | 8.63 |
| Camarilla | 7.26 | 7.33 | 7.39 | 7.46 | 7.53 | 7.59 | 7.66 |
| Woodie | 6.38 | 6.87 | 7.10 | 7.59 | 7.82 | 8.31 | 8.54 |
| Fibonacci | 6.91 | 7.19 | 7.36 | 7.63 | 7.91 | 8.08 | 8.35 |
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 | 1.80 | 4.08 | 5.57 | 7.85 | 9.34 | 11.62 | 13.11 |
| Camarilla | 6.03 | 6.38 | 6.72 | 7.07 | 7.42 | 7.76 | 8.11 |
| Woodie | 1.42 | 3.88 | 5.19 | 7.65 | 8.96 | 11.42 | 12.73 |
| Fibonacci | 4.08 | 5.52 | 6.41 | 7.85 | 9.29 | 10.18 | 11.62 |
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): | 54.27 | |
| MACD (12,26,9): | -0.0200 | |
| Directional Movement: | 7.62 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 7.41 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.35 | |
| Elder Ray (13): | 0.09 | |
| Super Trend (3,10): | 7.67 | |
| Zig ZAG (10): | 7.52 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 86.92 | |
| TEMA (21): | 7.45 | |
| Williams %R (14): | -19.44 | |
| Chande Momentum Oscillator (20): | 0.11 | |
| Repulse (5,40,3): | 0.4900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.1200 | |
| Courbe Coppock: | 3.88 |
| MA7: | 7.34 | |
| MA20: | 7.02 | |
| MA50: | 7.64 | |
| MA100: | 10.63 | |
| MAexp7: | 7.48 | |
| MAexp20: | 7.46 | |
| MAexp50: | 7.52 | |
| MAexp100: | 7.46 | |
| Price / MA7: | +2.59% | |
| Price / MA20: | +7.26% | |
| Price / MA50: | -1.44% | |
| Price / MA100: | -29.16% | |
| Price / MAexp7: | +0.67% | |
| Price / MAexp20: | +0.94% | |
| Price / MAexp50: | +0.13% | |
| Price / MAexp100: | +0.94% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis POLKADOT - DOT/USD - 1H