Polkadot(DOT): Rejection At 100EMA

The next coin we are keeping an eye on is the Polkadot coin, which has a good chance of further moving to the upper zones, yet just as good a chance of seeing full rejection from EMAs.

We are looking forward to price action, and to be honest, we want to see a touch of 200EMA before fully turning to lower zones, but if we see it happening from a rejection of 100EMA, we will not be surprised!

Also, RSI is approaching the overbought zone, so keep an eye on this one as well!

Swallow Team

Comment:

Polkadot has had a nice reaction from 100EMA, yet now we are seeing a re-test of that same zone (which could lead to a potential breakout).

We are keeping an eye on both 100 and 200 EMAs, which will determine further movement here.

If we see a breakout, then we will be looking to enter from the upper zones, but if we see a nice breakdown, then we will see an early downward movement!

Comment:

Polkadot has made a great rejection, which resulted in an early rejection with a price movement of 10%.

We are now keeping an eye on the current supportive zone, which might be broken.

Comment:

Polkadot has made an amazing rejection from that 100EMA and has moved nicely 20% since that rejection!