VRB News
Virtual Reality Brisbane
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact
No Result
View All Result
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact
No Result
View All Result
No Result
View All Result
Home IT news

Polkadot price Forecast: DOT price bearishly rejected

admin by admin
August 19, 2022
in IT news
0
Polkadot Kurs Prognose: DOT Kurs bärisch abgewiesen
0
SHARES
10
VIEWS
Share on FacebookShare on Twitter

The Polkadot price reached around 9.7 USD and met bearish rejection at the Golden Ratio resistance. But now DOT is gaining support.

The Polkadot price was bearishly rejected at the Golden Ratio resistance

DOT Price Chart by Tradingview

In the last Polkadot price forecast, just three days before the Polkadot price had reached its peak at around 9.7 USD, we wrote: “The DOT price is currently encountering significant resistance at the Golden Ratio at around 9.7 USD, where the DOT price could be rejected. Then the DOT price could correct to the Fibonacci supports at around $ 8.1 and $ 7.3.“

Since then, the Fibonacci supports have shifted slightly and Polkadot is now encountering significant support between the 0.382 Fib level at around 8.25 and the 50-day EMA at around $8.4.

In addition, the histogram of the MACD ticks bearishly lower in the daily chart and the MACD lines are also crossed bearishly. The RSI is neutral.

The Polkadot rate could now correct to $ 7.4

DOT Price Chart by Tradingview

If the DOT price breaks the current support between 8.25 and 8.4 USD bearish, the next significant Fibonacci support is waiting for Polkadot at around 7.4 USD. Although it looks like a correction in the medium term, the DOT price is still strongly bullish in the medium term.

Thus, the histogram of the MACD has been ticking bullish higher for weeks and the MACD lines are also crossed bullish. The RSI is also neutral here.

Will the DOT price fall even lower?

DOT Price Chart by Tradingview

However, the DOT price is only really bullish when it breaks the golden Ratio bullish at around 17.5 USD at the 50-week EMA. Should Polkadot break the support at around $7.4 bearish, Polkadot could return to horizontal support between $6 and $6.8.

Polkadot will soon find support against BTC

DOT Price Chart by Tradingview

Against BTC, the MACD is also clearly bullish on the weekly chart, because the histogram ticks bullish higher and the MACD lines are crossed bullish. Nevertheless, the DOT price is in a correction in the short term.

At around 0.000352 BTC and at around 0.000032 BTC, the DOT price encounters significant Fibonacci supports.

Previous Post

Ethereum and Bitcoin give way

Next Post

We tested Pixel Rift on the Oculus Rift DK2

admin

admin

Related Posts

Dedicated Servers
IT news

The advantages of dedicated servers: cost, performance, security

January 27, 2023
Different types of proxies and their benefits for online security
IT news

Different types of proxies and their benefits for online security

January 27, 2023
Image technology: DHL warns against fake SMS – you need to know that fake SMS with supposed address queries from DHL are circulating at the moment. Sometimes the messages seem very authentic. That’s what’s behind it. More…
IT news

Image technology: DHL warns against fake SMS – you need to know that fake SMS with supposed address queries from DHL are circulating at the moment. Sometimes the messages seem very authentic. That’s what’s behind it. More…

January 25, 2023
helpchildreninukraine
IT news

Need for reform in juvenile justice legislation in Ukraine

January 25, 2023
Mercado Libre accuses Apple of monopoly in Mexico; IFT launches investigation
IT news

Mercado Libre accuses Apple of monopoly in Mexico; IFT launches investigation

January 25, 2023
Next Post

We tested Pixel Rift on the Oculus Rift DK2

Premium Content

Citi Report: The Bitcoin & Crypto Liquidity Crisis Is Over

Citi Report: The Bitcoin & Crypto Liquidity Crisis Is Over

July 26, 2022
8 amazing artificial intelligence solutions

8 amazing artificial intelligence solutions

November 28, 2021
Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB)

Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB)

June 18, 2022

Browse by Category

  • Games
  • IT news
  • Tech
  • World

VRB News is ready to cooperate with webmasters and content creators. Send an email to info@virtualrealitybrisbane.com

Categories

  • Games
  • IT news
  • Tech
  • World

Recent Posts

  • The advantages of dedicated servers: cost, performance, security
  • Different types of proxies and their benefits for online security
  • Image technology: DHL warns against fake SMS – you need to know that fake SMS with supposed address queries from DHL are circulating at the moment. Sometimes the messages seem very authentic. That’s what’s behind it. More…

© 2021 - The project has been developed ServReality

No Result
View All Result
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact

© 2021 - The project has been developed ServReality

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?