Low Momentum in Polkadot Market
DOTUSD Price Analysis – October 14
Until there is an eruption either in the south or in the north dotted Market, range movement may continue. Above the current price there are $6.7, $7.6, and the $8.3 resistance level. Below the current price there are barriers at the $5.9, $4.0 and $3.0 support levels.
DOT/USD . market
Resistance levels 6.7, 7.6, 8.3 dollars
Support Levels: $5.9, $4.0, $3.0
Long-Term Trend in DOTUSD: Range
DOTUSD It moves in the range in the long-term outlook. The resistance level is holding at $6.7 and the bulls do not have enough pressure to break it. Likewise, the bears still have to gather enough momentum to break the support level at $5.9. This scenario makes the cryptocurrency continue to move within the $6.7 and $5.9 range. On October 13, sellers attempted to breach the $5.9 support level but the bulls resisted the move.
The fast moving average (9 periods of the exponential moving average) is intertwined with the slow moving average (21 periods of the exponential moving average) and the price is trading around the two exponential moving averages as an indication of the range movement. Until there is an eruption in either the south or the north, the range movement may continue. Above the current price there are $6.7, $7.6, and the $8.3 resistance level. Below the current price there are barriers at the $5.9, $4.0 and $3.0 support levels. RSI period 14 is at 41 levels with the signal line indicating an upward trend as an indication of a bullish signal.
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Medium-term trend in DOTUSD: Ranging
DOTUSD in a 4-hour chart. The range movement continues within the $6.7 resistance and $5.9 support level. Sellers pressure increased on October 13 and the $5.9 support level was tested. Bulls pressure put the price back into range mode.
The nine-period EMA is intertwined with the 21-period EMA and the currency is hovering above the two Asian moving averages indicating that consolidation continues in the Polkadot market. RSI period 14 at 49 levels with the signal lines pointing upward to indicate a buy signal.
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