empty
 
 
cn
支持
即时开户
交易平台
入金/出金

29.11.202321:42 Forex Analysis & Reviews: Polkadot sellers in charge

Polkadot is trading in the red at 5.1764 at the time of writing and it seems strongly bearish. In my opinion, Bitcoin's drop forces the altcoins to drop as well. Technically, the price action signaled that upwards movement ended and that the sellers could take full control again.

Still, a new leg down needs confirmation, that's why we have to wait for fresh opportunities. The altcoin is down by 2.11% in the last 24 hours and by 0.57% in the last 7 days.

Polkadot Sell-Off!

Exchange Rates 29.11.2023 analysis

As you can see on the H1 chart, the rate dropped below the uptrend line which represented a dynamic support, signaling a larger drop. Now, it has tried to come back to test and retest the broken downtrend line but it has failed, indicating strong downside pressure and exhausted buyers.

Personally, I've drawn a downtrend line, so as long as it stays below it, the rate could drop deeper. Now, it's trapped between 5.4107 and 5.0396 levels.

Polkadot Prediction!

Dropping below 5.0396 activates more declines and brings new short opportunities.

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Ralph Shedler,
Analytical expert of InstaSpot
© 2007-2024
立即从分析师的建议受益
充值交易账户
开设交易账户

InstaSpot分析评论将让您充分了解市场趋势! 作为InstaSpot的客户,您将获得大量的免费服务以实现有效的交易。

赚取InstaSpot的加密货币利率变化
下载MetaTrader 4并开始您的第一笔交易
现在无法通话?
提出您的问题,用 在线帮助.