POLKADOT - DOT/USD - 1H - Technical analysis published on 11/30/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
39%
44%
17%
My opinion
Bearish under 5.28 USD
My targets
5.04 USD (-2.33%)
4.87 USD (-5.62%)
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 5.28 USD. The sellers' bearish objective is set at 5.04 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 4.87 USD. In case of crossing, the next objective would be the support located at 4.24 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The POLKADOT - DOT/USD price is 5.16 USD. The price is lower by -0.19% since the last closing and was traded between 5.12 USD and 5.19 USD over the period. The price is currently at +0.78% from its lowest and -0.58% from its highest.5.12
5.19
5.16
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of POLKADOT - DOT/USD in 1H shows a overall strongly bearish trend. 82.14% 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 detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
The Central Indicators scanner found this result concerning these indicators:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.87 | 5.04 | 5.15 | 5.16 | 5.28 | 5.34 | 5.42 |
| Change (%) | -5.62% | -2.33% | -0.19% | - | +2.33% | +3.49% | +5.04% |
| Change | -0.29 | -0.12 | -0.01 | - | +0.12 | +0.18 | +0.26 |
| Level | Intermediate | Major | Major | - | Minor | 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 | 4.83 | 4.99 | 5.08 | 5.24 | 5.33 | 5.49 | 5.58 |
| Camarilla | 5.10 | 5.12 | 5.15 | 5.17 | 5.19 | 5.22 | 5.24 |
| Woodie | 4.80 | 4.97 | 5.05 | 5.22 | 5.30 | 5.47 | 5.55 |
| Fibonacci | 4.99 | 5.09 | 5.15 | 5.24 | 5.34 | 5.40 | 5.49 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.18 | 4.50 | 4.92 | 5.24 | 5.66 | 5.98 | 6.40 |
| Camarilla | 5.13 | 5.19 | 5.26 | 5.33 | 5.40 | 5.47 | 5.53 |
| Woodie | 4.22 | 4.53 | 4.96 | 5.27 | 5.70 | 6.01 | 6.44 |
| Fibonacci | 4.50 | 4.79 | 4.96 | 5.24 | 5.53 | 5.70 | 5.98 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.73 | 3.14 | 3.79 | 4.20 | 4.85 | 5.26 | 5.91 |
| Camarilla | 4.16 | 4.26 | 4.35 | 4.45 | 4.55 | 4.64 | 4.74 |
| Woodie | 2.86 | 3.20 | 3.92 | 4.26 | 4.98 | 5.32 | 6.04 |
| Fibonacci | 3.14 | 3.54 | 3.79 | 4.20 | 4.60 | 4.85 | 5.26 |
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): | 44.26 | |
| MACD (12,26,9): | -0.0200 | |
| Directional Movement: | -7.95 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 5.16 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.18 | |
| Elder Ray (13): | -0 | |
| Super Trend (3,10): | 5.24 | |
| Zig ZAG (10): | 5.17 | |
| VORTEX (21): | 0.7900 | |
| Stochastique (14,3,5): | 51.47 | |
| TEMA (21): | 5.14 | |
| Williams %R (14): | -37.50 | |
| Chande Momentum Oscillator (20): | 0.01 | |
| Repulse (5,40,3): | 0.0500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0700 | |
| Courbe Coppock: | 1.95 |
| MA7: | 5.24 | |
| MA20: | 5.29 | |
| MA50: | 4.69 | |
| MA100: | 4.43 | |
| MAexp7: | 5.16 | |
| MAexp20: | 5.19 | |
| MAexp50: | 5.21 | |
| MAexp100: | 5.23 | |
| Price / MA7: | -1.53% | |
| Price / MA20: | -2.46% | |
| Price / MA50: | +10.02% | |
| Price / MA100: | +16.48% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -0.58% | |
| Price / MAexp50: | -0.96% | |
| Price / MAexp100: | -1.34% |
Quotes :
-
Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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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…
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