POLKADOT - DOT/USD - Daily - Technical analysis published on 12/13/2024 (GMT)
- 72
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : IN PROGRESS...
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
17%
39%
44%
My opinion
Bullish above
My targets
()
()
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 . The buyers' bullish objective is set at . A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at . If there is any crossing, the next objective would be the resistance located at . 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, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.
Force
0
10
4.3
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This analysis was given by Scorpus. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
POLKADOT - DOT/USD rating 8.87 USD. On the day, this instrument lost -2.10% and was traded between 8.79 USD and 9.23 USD over the period. The price is currently at +0.91% from its lowest and -3.90% from its highest.8.79
9.23
8.87
A study of price movements over other periods shows the following variations:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Abnormal volumes on POLKADOT - DOT/USD were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in Daily of this POLKADOT - DOT/USD chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : Daily
In fact, only 7 technical indicators out of 18 studied are currently bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.57 | 6.31 | 8.07 | 8.87 | 9.52 | 10.69 | 11.57 |
| Change (%) | -37.20% | -28.86% | -9.02% | - | +7.33% | +20.52% | +30.44% |
| Change | -3.30 | -2.56 | -0.80 | - | +0.65 | +1.82 | +2.70 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.01 | 8.47 | 8.76 | 9.22 | 9.51 | 9.97 | 10.26 |
| Camarilla | 8.85 | 8.92 | 8.99 | 9.06 | 9.13 | 9.20 | 9.27 |
| Woodie | 7.94 | 8.43 | 8.69 | 9.18 | 9.44 | 9.93 | 10.19 |
| Fibonacci | 8.47 | 8.75 | 8.93 | 9.22 | 9.50 | 9.68 | 9.97 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.65 | 7.06 | 8.83 | 10.24 | 12.01 | 13.42 | 15.19 |
| Camarilla | 9.74 | 10.03 | 10.32 | 10.61 | 10.90 | 11.19 | 11.49 |
| Woodie | 5.84 | 7.15 | 9.02 | 10.33 | 12.20 | 13.51 | 15.38 |
| Fibonacci | 7.06 | 8.27 | 9.02 | 10.24 | 11.45 | 12.20 | 13.42 |
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): | 54.39 | |
| MACD (12,26,9): | 0.7000 | |
| Directional Movement: | 8.67 | |
| AROON (14): | -35.72 | |
| DEMA (21): | 9.92 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.33 | |
| Elder Ray (13): | -0.15 | |
| Super Trend (3,10): | 7.57 | |
| Zig ZAG (10): | 8.85 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 34.07 | |
| TEMA (21): | 9.74 | |
| Williams %R (14): | -68.64 | |
| Chande Momentum Oscillator (20): | -0.44 | |
| Repulse (5,40,3): | -5.0300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 2.0600 | |
| Courbe Coppock: | 16.90 |
| MA7: | 9.26 | |
| MA20: | 9.29 | |
| MA50: | 6.64 | |
| MA100: | 5.47 | |
| MAexp7: | 9.15 | |
| MAexp20: | 8.84 | |
| MAexp50: | 7.36 | |
| MAexp100: | 6.34 | |
| Price / MA7: | -4.21% | |
| Price / MA20: | -4.52% | |
| Price / MA50: | +33.58% | |
| Price / MA100: | +62.16% | |
| Price / MAexp7: | -3.06% | |
| Price / MAexp20: | +0.34% | |
| Price / MAexp50: | +20.52% | |
| Price / MAexp100: | +39.91% |
Quotes :
-
Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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