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    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

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    Who Will Reach $1 First In 2023?

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    5 Best New BSC Cryptocurrencies To Invest In 2023

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    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

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    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

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    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

  • Analysis
    Bitcoin Price Resumes Increase as The Bulls Aim Larger Rally To $25K

    Bitcoin Price Resumes Increase as The Bulls Aim Larger Rally To $25K

    Ethereum Price Key Indicators Point Firming Case For Recovery Above $1,250

    Ethereum Price Holds Ground And Sees Fresh Rally, Bulls Are Not Done Yet

    Bitcoin Price Consolidates In Key Range, What Could Trigger Next Move

    Bitcoin Price Holds Key Support But The Bulls Seem To Be Losing Steam

    Ethereum Price Offers Trade Opportunities After Recent Bullish Breakout

    Ethereum Price Another Rejection Signals Risk of Bearish Reaction

    Polygon (MATIC) Surges Nearly 10% As zkEVM Network Update Draws Near

    Polygon (MATIC) Surges Nearly 10% As zkEVM Network Update Draws Near

    Rallies 10%, Polygon Bulls Aim Big

    Rallies 10%, Polygon Bulls Aim Big

    XRP Whales Accumulate Massive Tokens

    XRP Whales Accumulate Massive Tokens

    Solana Rally Could Gather Pace above $30

    Solana Rally Could Gather Pace above $30

    BNB Price Rebounds Toward $250 But Risk of Drop To $200 Still Exists

    Ethereum Price Drops 6% and Signals Risk of Trend Change Below This Support

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    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Best Crypto Exchange Affiliate Programs in 2023

    Best Crypto Exchange Affiliate Programs in 2023

    What does Crypto Index fund Means and How to Invest?

    What does Crypto Index fund Means and How to Invest?

    Who Will Reach $1 First In 2023?

    Who Will Reach $1 First In 2023?

    5 Best New BSC Cryptocurrencies To Invest In 2023

    5 Best New BSC Cryptocurrencies To Invest In 2023

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

  • Analysis
    Bitcoin Price Resumes Increase as The Bulls Aim Larger Rally To $25K

    Bitcoin Price Resumes Increase as The Bulls Aim Larger Rally To $25K

    Ethereum Price Key Indicators Point Firming Case For Recovery Above $1,250

    Ethereum Price Holds Ground And Sees Fresh Rally, Bulls Are Not Done Yet

    Bitcoin Price Consolidates In Key Range, What Could Trigger Next Move

    Bitcoin Price Holds Key Support But The Bulls Seem To Be Losing Steam

    Ethereum Price Offers Trade Opportunities After Recent Bullish Breakout

    Ethereum Price Another Rejection Signals Risk of Bearish Reaction

    Polygon (MATIC) Surges Nearly 10% As zkEVM Network Update Draws Near

    Polygon (MATIC) Surges Nearly 10% As zkEVM Network Update Draws Near

    Rallies 10%, Polygon Bulls Aim Big

    Rallies 10%, Polygon Bulls Aim Big

    XRP Whales Accumulate Massive Tokens

    XRP Whales Accumulate Massive Tokens

    Solana Rally Could Gather Pace above $30

    Solana Rally Could Gather Pace above $30

    BNB Price Rebounds Toward $250 But Risk of Drop To $200 Still Exists

    Ethereum Price Drops 6% and Signals Risk of Trend Change Below This Support

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Bearish Divergence on the Weekly Chart Could Slow Down Upside Momentum on the Intraday Level

2021-10-20
in Altcoins
0
Bearish Divergence on the Weekly Chart Could Slow Down Upside Momentum on the Intraday Level
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Polkadot’s Parachain public sale is about to launch on 11 November ’21 with speculations round which 5 initiatives will win the obtainable slots.

The Moonbeam mission an EVM suitable blockchain is the primary mission believed to get the primary slot launch on the Polkadot ecosystem.

Acala mission is the subsequent mission that analysts consider is sort of assured a slot on the Parachain, because the mission is predicted to supply monetary functions equivalent to a multi-collateralized stablecoin [aUSD], a trustless staking spinoff [liquid dot], and an AMM DEX.

The final two notable initiatives additionally worthy of slots are the Bit. Nation and Phala Community initiatives.

Learn on as we dive dip into the value charts of the DOTBTC and DOTUSDT.

Polkadot vs Bitcoin BTC – DOTBTC Weekly Chart Evaluation

Polkadot
chart by Tradingview

The DOT vs. BTC was confronted with a second bearish divergence sample after recovering from an earlier 64% value stoop from excessive demand for BTC.

 Bear-trap candlestick formation appears to mark an finish to the present value correction and we might even see the DOTBTC shoot above the bearish divergence development line and resistance degree on 13 September ’21.

Polkadot DOT Weekly Chart Evaluation

Dot

The ADAUSDT flags a daily bearish divergence sample after setting a brand new ATH at $44.78. We must always anticipate the DOT value to dip in direction of the $25.50 help and a continuation of the uptrend if the value stays above the 20 September help.

Additional breakdown of the $25.50 help ought to see the value collapse to the decrease $10.37 help.

Polkadot DOT Each day Chart Evaluation

Dot

The each day time-frame of the DOTUSDT exhibits the pair coming into again into an uptrend on 07 October and continues to commerce above the level-25 at press time.

The present DOT value continues to commerce inside the bearish and bullish divergence development strains established on 14 and 21 September ’21 [$38.77 and $25.50]. 

In the meantime, a second hidden bullish divergence is increase at press time and we are able to anticipate a value surge above the $44.78 resistance.

Polkadot DOT 4HR Chart Evaluation

Dot

The RSI dipped under level-25 on the 4HR time-frame signaling a variety hidden bullish divergence once we examine the RSI level-21 to degree 23 [12 October 08:00].

This bullish divergence must be enough for us to see a bullish development continuation. Nevertheless, a breakdown of the $39.52 help may ship the DOT value tumbling all the way down to the $32.25 help.

Polkadot DOT Intraday Ranges

  • Spot charge: 41.35
  • Mid–Time period Pattern [H4]: Bullish
  • Volatility: Medium
  • Assist: $32.25 and $39.52
  • Resistance: $44.78



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