POLKADOT - DOT/USD - 1H - Technical analysis published on 11/29/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 8.58 USD
My targets
9.52 USD (+5.90%)
10.23 USD (+13.79%)
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 8.58 USD. The buyers' bullish objective is set at 9.52 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 10.23 USD. If there is any crossing, the next objective would be the resistance located at 10.49 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
9.1
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This analysis was given by LJ93612. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The POLKADOT - DOT/USD rating is 8.99 USD. The price has increased by +4.41% since the last closing and was between 8.45 USD and 9.02 USD. This implies that the price is at +6.39% from its lowest and at -0.33% from its highest.8.45
9.02
8.99
Here is a more detailed summary of the historical variations registered by POLKADOT - DOT/USD:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on POLKADOT - DOT/USD were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this POLKADOT - DOT/USD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.63 | 8.10 | 8.58 | 8.99 | 9.52 | 10.49 | 11.57 |
| Change (%) | -15.13% | -9.90% | -4.56% | - | +5.90% | +16.69% | +28.70% |
| Change | -1.36 | -0.89 | -0.41 | - | +0.53 | +1.50 | +2.58 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Intermediate | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.42 | 7.72 | 8.16 | 8.46 | 8.90 | 9.20 | 9.64 |
| Camarilla | 8.41 | 8.47 | 8.54 | 8.61 | 8.68 | 8.75 | 8.81 |
| Woodie | 7.50 | 7.76 | 8.24 | 8.50 | 8.98 | 9.24 | 9.72 |
| Fibonacci | 7.72 | 8.00 | 8.17 | 8.46 | 8.74 | 8.91 | 9.20 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.91 | 3.61 | 6.07 | 7.77 | 10.23 | 11.93 | 14.39 |
| Camarilla | 7.39 | 7.77 | 8.15 | 8.53 | 8.91 | 9.29 | 9.67 |
| Woodie | 2.29 | 3.80 | 6.45 | 7.96 | 10.61 | 12.12 | 14.77 |
| Fibonacci | 3.61 | 5.20 | 6.18 | 7.77 | 9.36 | 10.34 | 11.93 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.91 | 3.38 | 3.67 | 4.14 | 4.43 | 4.90 | 5.19 |
| Camarilla | 3.75 | 3.82 | 3.89 | 3.96 | 4.03 | 4.10 | 4.17 |
| Woodie | 2.82 | 3.34 | 3.58 | 4.10 | 4.34 | 4.86 | 5.10 |
| Fibonacci | 3.38 | 3.67 | 3.85 | 4.14 | 4.43 | 4.61 | 4.90 |
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): | 66.60 | |
| MACD (12,26,9): | 0.1100 | |
| Directional Movement: | 21.50 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 8.76 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.62 | |
| Elder Ray (13): | 0.21 | |
| Super Trend (3,10): | 8.52 | |
| Zig ZAG (10): | 8.94 | |
| VORTEX (21): | 1.1800 | |
| Stochastique (14,3,5): | 87.81 | |
| TEMA (21): | 8.83 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.42 | |
| Repulse (5,40,3): | 3.8800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1600 | |
| Courbe Coppock: | 4.11 |
| MA7: | 8.53 | |
| MA20: | 6.61 | |
| MA50: | 5.15 | |
| MA100: | 4.74 | |
| MAexp7: | 8.78 | |
| MAexp20: | 8.62 | |
| MAexp50: | 8.48 | |
| MAexp100: | 8.32 | |
| Price / MA7: | +5.39% | |
| Price / MA20: | +36.01% | |
| Price / MA50: | +74.56% | |
| Price / MA100: | +89.66% | |
| Price / MAexp7: | +2.51% | |
| Price / MAexp20: | +4.41% | |
| Price / MAexp50: | +6.13% | |
| Price / MAexp100: | +8.17% |
Quotes :
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Real time data
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