Polkadot’s DOT surged in direction of $18.50 earlier than correcting decrease towards the US Greenback. It’s holding good points above $15.00 regardless of a crash in bitcoin and Ethereum.
DOT rallied above $12.00 and $15.00 earlier than it confronted sellers close to $18.50 towards the US greenback.
The worth is buying and selling properly above the $15.00 help and he 100 easy transferring common (4-hours).
There’s a key bullish development line forming with help close to $15.50 on the 4-hours chart of the DOT/USD pair (information supply from Kraken).
The pair stays in a constructive zone and it’s prone to proceed increased in direction of $18.50 and $20.00.
Polkadot’s DOT Steady Above $15
After a detailed above the $12.00 stage, DOT began a contemporary rally above the $15.00 resistance stage. There was a powerful bullish momentum above $15.00 and the worth even climbed above $18.00.
Nonetheless, the bulls failed to check the $20.00 stage. The current excessive was shaped close to $18.37 and the worth just lately corrected decrease. There was a break under the $16.50 help stage, however the bulls have been lively close to the $15.00 and $14.80 help ranges (a multi-touch zone).
A low is shaped close to $14.78 and the worth is presently rising. It broke the $16.00 stage and examined the 50% Fib retracement stage of the downward transfer from the $18.37 swing excessive to $14.78 low.
Supply: DOTUSD on TradingView.com
There’s additionally a key bullish development line forming with help close to $15.50 on the 4-hours chart of the DOT/USD pair. The worth is clearly buying and selling properly above the $15.00 help and he 100 easy transferring common (4-hours). On the upside, a break above the $16.60 stage might spark a contemporary enhance.
The following key resistance might be close to $17.50 or the 76.4% Fib retracement stage of the downward transfer from the $18.37 swing excessive to $14.78 low. Any extra good points could presumably name for a break above $18.50.
If DOT value fails to proceed increased above $16.50 and $17.00, there might be a contemporary decline. The primary key help is close to the $15.50 stage and the development line.
A profitable break under the development line help might put the $15.00 help at a danger. Any extra losses could presumably name for a drop in direction of the $14.00 stage.
4-Hours MACD – The MACD for DOT/USD is gaining momentum within the bullish zone.
4-Hours RSI (Relative Energy Index) – The RSI for DOT/USD remains to be above the 50 stage.
Main Help Ranges – $15.50, $15.00 and $14.80.
Main Resistance Ranges – $16.50, $17.20 and $18.50.