◳◱ Our analysis has revealed a Triangle & Wedge pattern on the
DOT
/
BTC
chart, signaling a period of consolidation as the price moves within the confines of this pattern. The next resistance key levels are at 0.0002012 | 0.0002053 | 0.0002129 and the major support zones are respectively at 0.0001936 | 0.0001901 | 0.0001825. A potential trend change could emerge upon a breakout from this pattern. As such, we may consider buying at the current price and aim for higher levels above the breakout level.
◰◲ General info:
▣ Name: Polkadot
▣ Rank: 13
▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Poloniex, Mexc
▣ Category/Sector: Infrastructure - Smart Contract Platforms
▣ Overview: Polkadot is a blockchain network designed to support various interconnected, application-specific sub-chains called parachains (short for parallelized chains). Each chain built within Polkadot uses Parity Technologies' Substrate modular framework, which allows developers to select specific components that suit their application-specific chain best. Polkadot refers to the entire ecosystem of parachains that plug into a single base platform known as the Relay Chain. This base platform, which also leverages Substrate, does not support application functionality but instead provides security to the network's parachains and contains Polkadot's consensus, finality, and voting logic.
◰◲ Technical Metrics:
▣ Mrkt Price: 0.0001997 ₿
▣ 24HVol: 36.868 ₿
▣ 24H Chng: 0.352%
▣ 7-Days Chng: -2.09%
▣ 1-Month Chng: -12.91%
▣ 3-Months Chng: -20.98%
◲◰ Pivot Points - Levels:
◥ Resistance: 0.0002012 | 0.0002053 | 0.0002129
◢ Support: 0.0001936 | 0.0001901 | 0.0001825
◱◳ Indicators recommendation:
▣ Oscillators: NEUTRAL
▣ Moving Averages: NEUTRAL
◰◲ Technical Indicators Summary: NEUTRAL
◲◰ Sharpe Ratios:
▣ Last 30D: -3.20
▣ Last 90D: -1.79
▣ Last 1-Y: -0.51
▣ Last 3-Y: -0.01
◲◰ Volatility:
▣ Last 30D: 0.39
▣ Last 90D: 0.58
▣ Last 1-Y: 0.76
▣ Last 3-Y: 1.60
◳◰ Market Sentiment Index:
▣ News sentiment score is 0.44 - Bearish
▣ Twitter sentiment score is 0.63 - Bullish
▣ Reddit sentiment score is 0.49 - Bearish
▣ In-depth DOTBTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
▣ Welcome to the home of charting big: TradingView
Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30.
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BTC
chart, signaling a period of consolidation as the price moves within the confines of this pattern. The next resistance key levels are at 0.0002012 | 0.0002053 | 0.0002129 and the major support zones are respectively at 0.0001936 | 0.0001901 | 0.0001825. A potential trend change could emerge upon a breakout from this pattern. As such, we may consider buying at the current price and aim for higher levels above the breakout level. ◰◲ General info:
▣ Name: Polkadot
▣ Rank: 13
▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Poloniex, Mexc
▣ Category/Sector: Infrastructure - Smart Contract Platforms
▣ Overview: Polkadot is a blockchain network designed to support various interconnected, application-specific sub-chains called parachains (short for parallelized chains). Each chain built within Polkadot uses Parity Technologies' Substrate modular framework, which allows developers to select specific components that suit their application-specific chain best. Polkadot refers to the entire ecosystem of parachains that plug into a single base platform known as the Relay Chain. This base platform, which also leverages Substrate, does not support application functionality but instead provides security to the network's parachains and contains Polkadot's consensus, finality, and voting logic.
◰◲ Technical Metrics:
▣ Mrkt Price: 0.0001997 ₿
▣ 24HVol: 36.868 ₿
▣ 24H Chng: 0.352%
▣ 7-Days Chng: -2.09%
▣ 1-Month Chng: -12.91%
▣ 3-Months Chng: -20.98%
◲◰ Pivot Points - Levels:
◥ Resistance: 0.0002012 | 0.0002053 | 0.0002129
◢ Support: 0.0001936 | 0.0001901 | 0.0001825
◱◳ Indicators recommendation:
▣ Oscillators: NEUTRAL
▣ Moving Averages: NEUTRAL
◰◲ Technical Indicators Summary: NEUTRAL
◲◰ Sharpe Ratios:
▣ Last 30D: -3.20
▣ Last 90D: -1.79
▣ Last 1-Y: -0.51
▣ Last 3-Y: -0.01
◲◰ Volatility:
▣ Last 30D: 0.39
▣ Last 90D: 0.58
▣ Last 1-Y: 0.76
▣ Last 3-Y: 1.60
◳◰ Market Sentiment Index:
▣ News sentiment score is 0.44 - Bearish
▣ Twitter sentiment score is 0.63 - Bullish
▣ Reddit sentiment score is 0.49 - Bearish
▣ In-depth DOTBTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
▣ Welcome to the home of charting big: TradingView
Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30.
Discover it here - affiliate link -