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Analytical Reviews

Crypto-currencies

08.03.202410:46 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Polkadot Cryptocurrency, Friday March 08 2024.

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 08.03.2024 analysis

With the appearance of deviations between the price movement of the Polkadot cryptocurrency and the MACD indicator on the 4-hour chart, in the near future Polkadot has the potential to be corrected down to the level area 10.2952 - 9.7641 and if this weakening correction does not fall beyond level 9.1431 then Polkadot still has the potential to continue its strengthening to level 11.2077 as the main target and level 12.3945 if momentum and volatility support it, which is confirmed by the two EMAs 20 & 50 which are still in the Golden Cross condition.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
© 2007-2025

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