Service for copy trading. Our Algo automatically opens and closes trades.
The L2T Algo provides highly profitable signals with minimal risk.
24/7 cryptocurrency trading. While you sleep, we trade.
10 minute setup with substantial advantages. The manual is provided with the purchase.
79% Success rate. Our outcomes will excite you.
Up to 70 trades per month. There are more than 5 pairs available.
Monthly subscriptions begin at £58.
Resistance Levels: $60, $62, $64
Key Support Levels: $40, $38,$36
Polkadot (DOT) Price Long-term Trend: Bearish
Polkadot’s (DOT) price is in a downward correction as it faces further decline below $6.37. The 21-day line SMA has been the resistance line to the price bars. Buyers have never kept the price above the 21-day line SMA resistance. A break above the moving average lines will end the downtrend. The coin will resume upside momentum. Polkadot will rise to the previous highs of $10 and $12 if the resistance line is breached. The altcoin will further decline to a $5.50 low if the bears break below the current support. In the meantime, DOT/USD is trading at $7.14 at the time of writing.
Daily Chart Indicators Reading:
DOT is at level 43 of the Relative Strength Index for period 14. It is in the downtrend zone and may further decline to the downside. The price bars are below the moving averages which are responsible for the price slump.
Polkadot (DOT) Medium-term Trend: Bullish
On the 4-hour Chart, the altcoin is in an upward move. However, the uptrend has been terminated as bears resume selling pressure. The coin will decline to the previous low if the bears break below the moving average lines.
4-hour chart Chart Indicators Reading
DOT is below the 40% range of the daily stochastic. The market is in a bearish momentum. The moving averages are sloping horizontally indicating sideways. The 21-day line SMA and the 50-day line SMA are below moving average lines indicating a possible fall of the coin.
General Outlook for Polkadot (DOT)
Polkadot is in a sideways move as it faces further decline below $6.37. The 21-day line SMA has restrained the upward move of the coin. Polkadot will be trading in a tight range which may cause it to have a price rebound or breakdown. A break below the current support will push the altcoin to the low of $5.50.
You can purchase crypto coins here. Buy LBlock
Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing
- Min Deposit
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- The Lowest Trading Costs
- 50% Welcome Bonus
- Award-winning 24 Hour Support
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus