DOT fänkt e Bullish Trend op $ 5.0 Niveau un

There is strong bullish momentum in the Polkadot market

DOTUSD Präisanalyse - 05. Dezember

Should the resistance level of $5.9 not hold, bulls’ pressure may break up the resistance level of $5.9, then, the $6.7 and $7.6 levels may be tested. An interruption from the sellers may lead to a further decrease in polkadot towards the support levels of $5.6, $5.3, and $5.0.

DOT / USD Maart

Schlëssel Niveauen:

Resistenz Niveauen $ 5.9, $ 6.7, $ 7.6

Ënnerstëtzungsniveauen: $ 5.6, $ 5.3, $ 5.0

DOTUSD Laangfristeg Trend: Bullish

DOTUSD is on a bullish movement on the long-term outlook. Sellers pushed down the coin from the high of $7.6. The price eventually found support at $5.0 level. The crypto has tested the level twice with strong bearish pressure.  On November 29, the price bounced up and penetrated the resistance level of $5.3 and $5.6 levels. Polkadot is already exposed to the $5.9 level.

The fast Moving Average (9-periods EMA) is struggling to cross the slow Moving Average (21-periods EMA) upside and the price is above the two EMAs as a sign of bullish movement. Should the resistance level of $5.9 not hold, bulls’ pressure may break up the resistance level of $5.9, then, the $6.7 and $7.6 levels may be tested. An interruption from the sellers may lead to a further decrease in price towards the support levels of $5.6, $5.3, and $5.0.

DOTUSD mëttelfristeg Trend: Bullish

DOTUSD is bullish on the 4-hour chart. The sellers’ momentum looks weak when it reaches the support level of $5.0. It seems buyers are gaining more pressure and the price is increasing toward $5.9 resistance level. The price action has formed a double bottom chart pattern on the 4-hour time frame. Further price increase envisaged.

The 9-periods EMA has crossed the 21-period EMA upside and the price is trading above the two EMAs.  The relative strength index period 14 is at 64 levels with the signal lines pointing upside to indicate a buy signal. Polkadot is slowly going up whereas IMPT is already at the high level in the market.

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