POLKADOT - DOT/USD - Daily - Technical analysis published on 04/21/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 7.95 USD
My targets
6.34 USD (-10.83%)
5.71 USD (-19.69%)
My analysis
POLKADOT - DOT/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 7.95 USD. The next support located at 6.34 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 5.71 USD. Below this support, sellers could then target 4.87 USD. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.9
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This analysis was given by calibox. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The POLKADOT - DOT/USD price is 7.11 USD. The price is lower by -1.80% since the last closing with the lowest point at 6.97 USD and the highest point at 7.29 USD. The deviation from the price is +2.01% for the low point and -2.47% for the high point.6.97
7.29
7.11
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this Daily chart of POLKADOT - DOT/USD indicates that the overall trend is strongly bearish. 85.71% 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 market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
The Central Indicators scanner found no further results concerning independent technical indicators.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.87 | 5.71 | 6.34 | 7.11 | 9.19 | 10.28 | 11.57 |
| Change (%) | -31.50% | -19.69% | -10.83% | - | +29.25% | +44.59% | +62.73% |
| Change | -2.24 | -1.40 | -0.77 | - | +2.08 | +3.17 | +4.46 |
| Level | Minor | Intermediate | Major | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.12 | 6.37 | 6.80 | 7.05 | 7.48 | 7.73 | 8.16 |
| Camarilla | 7.05 | 7.12 | 7.18 | 7.24 | 7.30 | 7.37 | 7.43 |
| Woodie | 6.22 | 6.42 | 6.90 | 7.10 | 7.58 | 7.78 | 8.26 |
| Fibonacci | 6.37 | 6.63 | 6.79 | 7.05 | 7.31 | 7.47 | 7.73 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.46 | 5.83 | 6.54 | 6.91 | 7.62 | 7.99 | 8.70 |
| Camarilla | 6.94 | 7.04 | 7.14 | 7.24 | 7.34 | 7.44 | 7.54 |
| Woodie | 5.62 | 5.92 | 6.70 | 7.00 | 7.78 | 8.08 | 8.86 |
| Fibonacci | 5.83 | 6.25 | 6.50 | 6.91 | 7.33 | 7.58 | 7.99 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.29 | 6.25 | 7.95 | 9.91 | 11.61 | 13.57 | 15.27 |
| Camarilla | 8.63 | 8.97 | 9.31 | 9.64 | 9.98 | 10.31 | 10.65 |
| Woodie | 4.15 | 6.19 | 7.81 | 9.85 | 11.47 | 13.51 | 15.13 |
| Fibonacci | 6.25 | 7.65 | 8.52 | 9.91 | 11.31 | 12.18 | 13.57 |
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): | 40.05 | |
| MACD (12,26,9): | -0.6200 | |
| Directional Movement: | -14.42 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 6.82 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.74 | |
| Elder Ray (13): | -0.14 | |
| Super Trend (3,10): | 8.56 | |
| Zig ZAG (10): | 7.08 | |
| VORTEX (21): | 0.8100 | |
| Stochastique (14,3,5): | 36.55 | |
| TEMA (21): | 6.47 | |
| Williams %R (14): | -60.54 | |
| Chande Momentum Oscillator (20): | -1.57 | |
| Repulse (5,40,3): | 6.2300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -1.0200 | |
| Courbe Coppock: | 40.99 |
| MA7: | 6.83 | |
| MA20: | 7.69 | |
| MA50: | 9.03 | |
| MA100: | 8.17 | |
| MAexp7: | 7.02 | |
| MAexp20: | 7.61 | |
| MAexp50: | 8.24 | |
| MAexp100: | 8.07 | |
| Price / MA7: | +4.10% | |
| Price / MA20: | -7.54% | |
| Price / MA50: | -21.26% | |
| Price / MA100: | -12.97% | |
| Price / MAexp7: | +1.28% | |
| Price / MAexp20: | -6.57% | |
| Price / MAexp50: | -13.71% | |
| Price / MAexp100: | -11.90% |
Quotes :
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Real time data
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