Top.Mail.Ru
empty
 
 
24.01.2025 05:24 AM
Technical Analysis of Intraday Price Movement of Polkadot Cryptocurrency, Friday January 24, 2025.

This image is no longer relevant

From what is seen on the 4-hour chart of the Polkadot cryptocurrency, it appears that the price movement is showing a Bearish 123 pattern followed by the Bearish Ross Hook (RH) coupled with the appearance of convergence between the Polkadot price movement and the Stochastic Oscillator indicator and the Polkadot price movement which is below the EMA (21) which has a decreasing slope, then Polkadot is predicted to experience a weakening in the near future where the level of 6.1962 will be attempted to be broken if successful then Polkadot has the potential to continue its weakening to the level of 5.7759 as its main target and if the momentum of the weakening and its volatility support then 5.5161 will be the next target but if on its way to the targets of these levels suddenly there is a strengthening again until it breaks through and closes above the level of 7.0714 then all the downward scenarios that have been described will be canceled by themselves.

(Disclaimer)

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $10000 more!
    In January we raffle $10000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback