DOT/BTC - Polkadot: Triangle_&_Wedge◳◱ Our analysis has revealed a Triangle & Wedge pattern on the MIL:DOT / CRYPTOCAP: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
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◲ 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.
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