POLKADOT - DOT/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	DOTUSD
ISIN:

POLKADOT - DOT/USD - 1H - Technical analysis published on 06/10/2024 (GMT)

Timeframe : 1H
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Bullish

Underlying: Slightly bearish

Technical indicators

44%

50%

My opinion

Neutral between 6.43 USD and 6.80 USD

My targets

My analysis

The short-term increase on POLKADOT - DOT/USD remains moderate but could challenge the slightly bearish basic trend. It is difficult to advise a trading direction under these conditions. The first resistance is located at 6.80 USD. The first support is located at 6.43 USD. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.

In the very short term, technical indicators are bullish and could soon allow change to a bullish sentiment.

Comment on the analysis

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 price is 6.51 USD. On the day, this instrument lost -0.15% and was between 6.36 USD and 6.58 USD. This implies that the price is at +2.36% from its lowest and at -1.06% from its highest.

6.36

6.58

6.51

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this POLKADOT - DOT/USD chart shows a slightly bearish trend. Only 53.57% of the signals given by moving averages are bearish. This slightly bearish trend could turn neutral or reverse given the slightly bullish signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found no further results concerning independent technical indicators.

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	5.33	6.10	6.43	6.51	6.80	7.01	7.13
Change (%)	-18.13%	-6.30%	-1.23%	-	+4.45%	+7.68%	+9.52%
Change	-1.18	-0.41	-0.08	-	+0.29	+0.50	+0.62
Level	Minor	Intermediate	Major	-	Minor	Intermediate	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.24	6.31	6.41	6.48	6.58	6.65	6.75
Camarilla	6.47	6.49	6.50	6.52	6.54	6.55	6.57
Woodie	6.27	6.32	6.44	6.49	6.61	6.66	6.78
Fibonacci	6.31	6.37	6.41	6.48	6.54	6.58	6.65

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	4.69	5.39	5.89	6.59	7.09	7.79	8.29
Camarilla	6.05	6.16	6.27	6.38	6.49	6.60	6.71
Woodie	4.58	5.34	5.78	6.54	6.98	7.74	8.18
Fibonacci	5.39	5.85	6.14	6.59	7.05	7.34	7.79

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 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):	55.15
MACD (12,26,9):	0.0100
Directional Movement:	3.06
AROON (14):	57.14
DEMA (21):	6.52
Parabolic SAR (0,02-0,02-0,2):	6.45
Elder Ray (13):	0.01
Super Trend (3,10):	6.38
Zig ZAG (10):	6.52
VORTEX (21):	1.0000
Stochastique (14,3,5):	71.21
TEMA (21):	6.53
Williams %R (14):	-27.27
Chande Momentum Oscillator (20):	0.03
Repulse (5,40,3):	0.4000
ROCnROLL:	-1
TRIX (15,9):	0.0200
Courbe Coppock:	2.36

MA7:	6.81
MA20:	7.09
MA50:	7.02
MA100:	8.03
MAexp7:	6.52
MAexp20:	6.50
MAexp50:	6.52
MAexp100:	6.63
Price / MA7:	-4.41%
Price / MA20:	-8.18%
Price / MA50:	-7.26%
Price / MA100:	-18.93%
Price / MAexp7:	-0.15%
Price / MAexp20:	+0.15%
Price / MAexp50:	-0.15%
Price / MAexp100:	-1.81%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia AI

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