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The Polkadot cryptocurrency on its 4-hour chart is seen moving in a Ranging-Sideways condition but under Bearish pressure where this can be seen from its price movement which is moving below the MA 50 which also has a decreasing slope and its price movement moves harmoniously within the Bearish Pitchfork channel, especially coupled with confirmation of its price movement which successfully broke out below the Rising Wedge pattern which was followed by a breakout of the uptrend line in the Stochastic Oscillator indicator, even so with the position of the Stochastic Oscillator which has a BUY Crossing at the Oversold level and is getting ready to break up above its 20 level, there is a potential for a strengthening retracement in the near future where the 4.1411 level and/or Upper Pitchfork Line will be the main target, but as long as the strengthening does not break through and close above the 4.4432 level, Polkadot still has the potential to continue its weakening again where the 3.8261 level will be the main target and if the momentum and volatility support today, 3.5224 will be the next target to be aimed of.
(Dislcaimer)
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
