Polkadot (DOT): Possible Rejection From 200 EMA

9 thg 7, 2024

Polkadot is testing again the 200EMA in a 4-hour timeframe. As we have seen this zone work well as a resistance zone, we are looking for another rejection to happen near this zone. As soon as we see clean signs of weakness, we will be looking for another movement to lower zones here!

Swallow Team

10 thg 7, 2024

Ghi chú

Polkadot is back at 200EMA yet getting rejected again. So far, it is looking good and EMA is working well. The final confirmation for downward movement here would be a touch and break of 100 EMA after rejecting 200 EMA.

11 thg 7, 2024

Ghi chú

Polkadot has made a nice rejection again from 200EMA, not looking to break that 100EMA, which is the last support zone that is holding the price for now.

As soon as we break this zone, we will be looking for further downward movement here!