POLKADOT - DOT/USD - 1H - Technical analysis published on 01/09/2024 (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:
Bullish
Technical indicators
39%
28%
33%
My opinion
Bullish above 7.32 USD
My targets
7.60 USD (+1.74%)
8.02 USD (+7.36%)
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 7.32 USD. The next resistance located at 7.60 USD is the next bullish target 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 8.02 USD. After this resistance, buyers could then target 8.35 USD.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
4.6
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The POLKADOT - DOT/USD rating is 7.47 USD. The price is lower by -0.27% since the last closing with the lowest point at 7.29 USD and the highest point at 7.53 USD. The deviation from the price is +2.47% for the low point and -0.80% for the high point.7.29
7.53
7.47
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 bullish. 75.00% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 7 are bullish, 6 are neutral and 5 are bearish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 6.71 | 6.96 | 7.32 | 7.47 | 7.60 | 8.02 | 8.35 |
| Change (%) | -10.17% | -6.83% | -2.01% | - | +1.74% | +7.36% | +11.78% |
| Change | -0.76 | -0.51 | -0.15 | - | +0.13 | +0.55 | +0.88 |
| Level | Intermediate | Minor | Intermediate | - | 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 | 5.83 | 6.18 | 6.83 | 7.18 | 7.83 | 8.18 | 8.83 |
| Camarilla | 7.22 | 7.31 | 7.40 | 7.49 | 7.58 | 7.67 | 7.77 |
| Woodie | 5.99 | 6.26 | 6.99 | 7.26 | 7.99 | 8.26 | 8.99 |
| Fibonacci | 6.18 | 6.56 | 6.80 | 7.18 | 7.56 | 7.80 | 8.18 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.37 | 5.60 | 6.36 | 7.59 | 8.35 | 9.58 | 10.34 |
| Camarilla | 6.58 | 6.77 | 6.95 | 7.13 | 7.31 | 7.50 | 7.68 |
| Woodie | 4.15 | 5.48 | 6.14 | 7.47 | 8.13 | 9.46 | 10.12 |
| Fibonacci | 5.60 | 6.36 | 6.83 | 7.59 | 8.35 | 8.82 | 9.58 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.63 | 3.50 | 5.85 | 7.72 | 10.07 | 11.94 | 14.29 |
| Camarilla | 7.04 | 7.43 | 7.81 | 8.20 | 8.59 | 8.97 | 9.36 |
| Woodie | 1.87 | 3.62 | 6.09 | 7.84 | 10.31 | 12.06 | 14.53 |
| Fibonacci | 3.50 | 5.11 | 6.11 | 7.72 | 9.33 | 10.33 | 11.94 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 54.87 | |
| MACD (12,26,9): | 0.0600 | |
| Directional Movement: | -0.20 | |
| AROON (14): | -64.28 | |
| DEMA (21): | 7.46 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.52 | |
| Elder Ray (13): | 0.02 | |
| Super Trend (3,10): | 7.20 | |
| Zig ZAG (10): | 7.41 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 38.89 | |
| TEMA (21): | 7.47 | |
| Williams %R (14): | -41.67 | |
| Chande Momentum Oscillator (20): | -0.06 | |
| Repulse (5,40,3): | 0.7900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1700 | |
| Courbe Coppock: | 0.20 |
| MA7: | 7.42 | |
| MA20: | 8.11 | |
| MA50: | 6.93 | |
| MA100: | 5.69 | |
| MAexp7: | 7.42 | |
| MAexp20: | 7.37 | |
| MAexp50: | 7.28 | |
| MAexp100: | 7.34 | |
| Price / MA7: | +0.67% | |
| Price / MA20: | -7.89% | |
| Price / MA50: | +7.79% | |
| Price / MA100: | +31.28% | |
| Price / MAexp7: | +0.67% | |
| Price / MAexp20: | +1.36% | |
| Price / MAexp50: | +2.61% | |
| Price / MAexp100: | +1.77% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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