No mixed signals today! The 4H chart for $DOT (Polkadot) is showing a strong BEARISH / DOWN trend structure!
Key Technical Reasons for the Bearish Bias:
Trading Below All Major EMAs: $DOT is currently trading at $1.125, rejection hard below EMA 7 ($1.144), EMA 25 ($1.144), and EMA 99 ($1.156).
MACD Bearish Crossover: The MACD histogram turned red (-0.002) with DIF dipping below DEA, confirming increasing downside momentum.
RSI Weakness: RSI(6) dropped to 33.93, showing aggressive selling pressure with no reversal signals yet.
Downside Target: Retesting the $1.058 support level, with potential extension toward $1.009.
Final Verdict: 100% BEARISH BIAS! Expecting lower levels soon!
Do you agree with this short call on $DOT? Drop your thoughts below! đ
#DOT #Polkadot #CryptoAnalysis #BinanceSquare #BearishSignal
Key Technical Reasons for the Bearish Bias:
Trading Below All Major EMAs: $DOT is currently trading at $1.125, rejection hard below EMA 7 ($1.144), EMA 25 ($1.144), and EMA 99 ($1.156).
MACD Bearish Crossover: The MACD histogram turned red (-0.002) with DIF dipping below DEA, confirming increasing downside momentum.
RSI Weakness: RSI(6) dropped to 33.93, showing aggressive selling pressure with no reversal signals yet.
Downside Target: Retesting the $1.058 support level, with potential extension toward $1.009.
Final Verdict: 100% BEARISH BIAS! Expecting lower levels soon!
Do you agree with this short call on $DOT? Drop your thoughts below! đ
#DOT #Polkadot #CryptoAnalysis #BinanceSquare #BearishSignal