POLKADOT - DOT/USD - 1H - Technical analysis published on 06/06/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
33%
28%
39%
My opinion
Bullish above 7.15 USD
My targets
7.29 USD (+0.69%)
7.48 USD (+3.31%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on POLKADOT - DOT/USD as long as the price remains well above 7.15 USD. The buyers' bullish objective is set at 7.29 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 7.48 USD. If there is any crossing, the next objective would be the resistance located at 7.56 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
5.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
POLKADOT - DOT/USD rating 7.24 USD. On the day, this instrument lost -0.14% and was traded between 7.15 USD and 7.28 USD over the period. The price is currently at +1.26% from its lowest and -0.55% from its highest.7.15
7.28
7.24
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this POLKADOT - DOT/USD chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
On the 18 technical indicators analysed, 6 are bullish, 7 are neutral and 5 are bearish. The Central Indicators scanner found this result concerning these indicators:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of triangle
Type : Bearish
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 | 6.92 | 7.05 | 7.15 | 7.24 | 7.29 | 7.48 | 7.56 |
| Change (%) | -4.42% | -2.62% | -1.24% | - | +0.69% | +3.31% | +4.42% |
| Change | -0.32 | -0.19 | -0.09 | - | +0.05 | +0.24 | +0.32 |
| Level | Major | Minor | Intermediate | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.02 | 7.08 | 7.17 | 7.23 | 7.32 | 7.38 | 7.47 |
| Camarilla | 7.21 | 7.22 | 7.24 | 7.25 | 7.26 | 7.28 | 7.29 |
| Woodie | 7.03 | 7.09 | 7.18 | 7.24 | 7.33 | 7.39 | 7.48 |
| Fibonacci | 7.08 | 7.14 | 7.18 | 7.23 | 7.29 | 7.33 | 7.38 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.68 | 6.24 | 6.65 | 7.21 | 7.62 | 8.18 | 8.59 |
| Camarilla | 6.79 | 6.88 | 6.97 | 7.06 | 7.15 | 7.24 | 7.33 |
| Woodie | 5.61 | 6.20 | 6.58 | 7.17 | 7.55 | 8.14 | 8.52 |
| Fibonacci | 6.24 | 6.61 | 6.84 | 7.21 | 7.58 | 7.81 | 8.18 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.51 | 5.32 | 6.15 | 6.96 | 7.79 | 8.60 | 9.43 |
| Camarilla | 6.53 | 6.68 | 6.83 | 6.98 | 7.13 | 7.28 | 7.43 |
| Woodie | 4.52 | 5.33 | 6.16 | 6.97 | 7.80 | 8.61 | 9.44 |
| Fibonacci | 5.32 | 5.95 | 6.33 | 6.96 | 7.59 | 7.97 | 8.60 |
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): | 51.01 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 1.39 | |
| AROON (14): | -42.85 | |
| DEMA (21): | 7.21 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.23 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 7.13 | |
| Zig ZAG (10): | 7.23 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 47.80 | |
| TEMA (21): | 7.19 | |
| Williams %R (14): | -53.85 | |
| Chande Momentum Oscillator (20): | -0.02 | |
| Repulse (5,40,3): | 0.2100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 1.34 |
| MA7: | 7.10 | |
| MA20: | 7.25 | |
| MA50: | 7.06 | |
| MA100: | 8.11 | |
| MAexp7: | 7.21 | |
| MAexp20: | 7.21 | |
| MAexp50: | 7.19 | |
| MAexp100: | 7.16 | |
| Price / MA7: | +1.97% | |
| Price / MA20: | -0.14% | |
| Price / MA50: | +2.55% | |
| Price / MA100: | -10.73% | |
| Price / MAexp7: | +0.42% | |
| Price / MAexp20: | +0.42% | |
| Price / MAexp50: | +0.70% | |
| Price / MAexp100: | +1.12% |
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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