3.20 Polkadot (DOT) market continues to decline, academicians in the currency circle predict short-term trends
The market of Polkadot has been declining in recent days, from the initial 11.95 to 8.85 before publication. The short trend below is relatively strong. The weekly line is expected to fall back to the EMA10 trend line support near 8.5. The daily K line has continuously fallen below the moving average support. At present, Standing above EMA60, MACD shrinks and goes down. In addition, DIF and DEA have opened up to spread downwards from high levels. Bulls are weak. It will take time to brew in the short term. After KDJ spreads downward, you can see that the Bollinger Bands have begun to close. The lower track support point focuses on 8.45, and the upper pressure level focuses on 10.1.
The four-hour K-line has fallen below the EMA trend indicator, MACD has shrunk and declined, KDJ’s downward spread is blocked around 8.45, the support point of the lower Bollinger Band is focused on 8.55, and the overall trend is bearish.
The idea is to wait until the bottom is firm before making plans. The first support should be focused on 8.65, the second support should be focused on 8.15, and the upper pressure level should be focused on 9.0. The specific ideas are recommended to be based on real-time strategies. The article is delayed and the suggestions are for reference only. Take your own risk.
