POLKADOT - DOT/USD - 1H - Technical analysis published on 12/04/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
33%
17%
50%
My opinion
Bullish above 9.52 USD
My targets
10.44 USD (+6.64%)
11.57 USD (+18.18%)
My analysis
The basic bullish trend is very strong on POLKADOT - DOT/USD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 9.52 USD. Crossing the first resistance at 10.44 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 11.57 USD as an objective. Crossing it would then enable buyers to target 23.20 USD. Caution, a return to below 9.52 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
5.9
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Additional analysis
Quotes
The POLKADOT - DOT/USD rating is 9.79 USD. The price is lower by -0.10% since the last closing and was between 9.70 USD and 9.94 USD. This implies that the price is at +0.93% from its lowest and at -1.51% from its highest.9.70
9.94
9.79
Here is a more detailed summary of the historical variations registered by POLKADOT - DOT/USD:
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. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 9 are neutral and 3 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 8.01 | 8.46 | 9.52 | 9.79 | 11.57 | 23.20 |
| Change (%) | -18.18% | -13.59% | -2.76% | - | +18.18% | +136.98% |
| Change | -1.78 | -1.33 | -0.27 | - | +1.78 | +13.41 |
| Level | Minor | Intermediate | Intermediate | - | Major | Minor |
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 | 7.81 | 8.44 | 9.12 | 9.75 | 10.43 | 11.06 | 11.74 |
| Camarilla | 9.44 | 9.56 | 9.68 | 9.80 | 9.92 | 10.04 | 10.16 |
| Woodie | 7.84 | 8.45 | 9.15 | 9.76 | 10.46 | 11.07 | 11.77 |
| Fibonacci | 8.44 | 8.94 | 9.25 | 9.75 | 10.25 | 10.56 | 11.06 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.58 | 6.07 | 7.51 | 9.00 | 10.44 | 11.93 | 13.37 |
| Camarilla | 8.14 | 8.41 | 8.68 | 8.95 | 9.22 | 9.49 | 9.76 |
| Woodie | 4.56 | 6.06 | 7.49 | 8.99 | 10.42 | 11.92 | 13.35 |
| Fibonacci | 6.07 | 7.19 | 7.88 | 9.00 | 10.12 | 10.81 | 11.93 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -1.90 | 0.88 | 4.92 | 7.70 | 11.74 | 14.52 | 18.56 |
| Camarilla | 7.08 | 7.70 | 8.33 | 8.95 | 9.58 | 10.20 | 10.83 |
| Woodie | -1.28 | 1.20 | 5.54 | 8.02 | 12.36 | 14.84 | 19.18 |
| Fibonacci | 0.88 | 3.49 | 5.10 | 7.70 | 10.31 | 11.92 | 14.52 |
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): | 53.17 | |
| MACD (12,26,9): | 0.0400 | |
| Directional Movement: | 0.27 | |
| AROON (14): | -7.15 | |
| DEMA (21): | 9.80 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.21 | |
| Elder Ray (13): | 0.04 | |
| Super Trend (3,10): | 9.41 | |
| Zig ZAG (10): | 9.75 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 66.67 | |
| TEMA (21): | 9.72 | |
| Williams %R (14): | -38.46 | |
| Chande Momentum Oscillator (20): | 0.19 | |
| Repulse (5,40,3): | -1.5100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 2.51 |
| MA7: | 9.35 | |
| MA20: | 7.70 | |
| MA50: | 5.68 | |
| MA100: | 4.98 | |
| MAexp7: | 9.75 | |
| MAexp20: | 9.73 | |
| MAexp50: | 9.57 | |
| MAexp100: | 9.32 | |
| Price / MA7: | +4.71% | |
| Price / MA20: | +27.14% | |
| Price / MA50: | +72.36% | |
| Price / MA100: | +96.59% | |
| Price / MAexp7: | +0.41% | |
| Price / MAexp20: | +0.62% | |
| Price / MAexp50: | +2.30% | |
| Price / MAexp100: | +5.04% |
Quotes :
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Real time data
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