Potential BULLISH DOT Divergence | Polkadot Price Prediction

Hey guys what’s up it’s frank here from Altcoin buzz hope you’re liking the new Camera that i got This is the hd version but of course Today’s video is not about me it is About polka dot polkadot has held its Own for the past year or two in the top 20 cryptocurrencies it’s currently in 11th place And like many other cryptocurrencies Polkadot has suffered a big big loss 88 In value however i have found five signs For why this might actually be the Absolute bottom for polka dot and why we Might see a relief rally so watch this Video to find out what those five signs Are as well as the exact Thing that you need to be looking out For to determine whether or not we Really will start a new relief rally at Which price point what has to happen for Us to be relatively confident that a new Relief rally could start where we could Easily see polka dot having almost a Hundred percent return now for those of You who don’t know altquin buzz is first And foremost a crypto investment Research company and we have been Providing you numerous 100 x returns Since 2017. so if you want to get in on that Action join our altcoin buzz access Group where we document up-to-date Research covering undervalued altcoin

Gems nft minting opportunities and our Portfolio strategies Also guys don’t forget that we have just Two days left on this exclusive Promotion with mexi global if you sign Up on their exchange using our link you Will get a whole bunch of free money Potentially based on how much you trade All you have to do is open a new mexi Account fund the account within seven Days start trading and follow the terms And conditions and you will be entered For a chance to win up to six thousand Six hundred and ninety nine dollars so Click the link up above or in the Description or in the pin comment Section down below also please don’t Forget to like subscribe and click the Notification bell so that you don’t miss Any future updates and finally please Note that none of this is financial Advice [Music] Okay so the time frame you want to be Looking at on dot usdt is the three day Time frame i’m going to show you five Signs why we are likely already out of The bear market at least for the coming Weeks or so the first sign is that we Hit this previous major resistance we Saw resistance here in this zone on the 31st of august 2020 actually we saw it Several times within that period across A period of several weeks and now of

Course we found support at where almost Exactly that area so that is no Coincidence that’s the first reason that We Reached a Previous resistance and hence We’ll likely see support there the Second reason is that we have a bullish Divergence on the rsi we have a higher High on the rsi and we have a Lower low on the price now note that This is the three day time frame okay if You saw this on the four hour time frame You know it doesn’t mean nearly as much As when you see it on these larger time Frames the three day time frame this Could easily dictate where the price Will go over the coming weeks because it Is one of the bigger time frames now the Third reason is that we have yet another Bullish divergence on the histogram you See a red bar here with quite a low Level and of course we had a new lower Low on price but we had a higher high on The histogram again higher high on the Histogram lower low on the price classic Bullish divergence that was the third Reason the fourth reason is that we have This descending wedge now we’ve actually Seen this pattern on several other Cryptocurrencies but here you can see That Dot usdt has broken out of this wedge And this wedge formed ever since the

First of april at least the Resistance of this wedge did and we saw One two Almost three four times that we tried to Break out of it this fifth time we did Break out of it so that is the fourth Side today tell me in the comments Section below do you think we have Bottomed out or do you think we’re gonna Go lower type bottomed out or go lower Down in the comments section below now Coming back to the three-day chart we Look at the fifth sign for why we have Likely already bottomed out on.usdt and That is of course the three-day Histogram where you can see that we’ve Started in the green area we’ve already Seen three green bars and historically When we see the first green bar we at The very least see several weeks of Upwards price action so this is a good Sign that things are turning around you See these green bars this is marked by The bullish crossover on the macd that Is this blue line crossing the orange Line so there you have it the five Reasons why dot usdt has likely already Bottomed out now what is the one thing You need to be looking at to confirm That we really are even more likely to Have bottomed out that is the 20 Ema here that is this red line you see This red line this is the 20 exponential Moving average look at how we resisted

From it back here on 21st of april we Resisted again a couple days later we Resisted came close to it resisted came Close to it again resisted again Resisted and now we are right at that Level so it’s quite exciting and if we Do break through this level this will be Again another sign yet another sign that We are likely going to see a relief Rally now guys this might sound very Exciting and sound very convincing but i Do want to remind you that we are in a Clear downtrend on all the relevant time Frames so if you are buying here make Sure you have a stop loss and of course Make sure that it is your decision and That you’re not making decisions based On what of other people tell you trading Involves risks and please take those Risks into account when you enter into a Trade of course i did create a video About how you can create a stop loss on The mexi global exchange you can see That up here and for example a trade Here which you might consider entering Certainly it makes a lot of sense in Terms of risk to reward is simply Stopping out at the previous double Bottom here the 6.44 level and then Targeting the next major resistance Which would give you already a five to One risk to reward so really kind of a No-brainer there and you could also Consider taking some profit at the first

Likely major resistance which is the 10.75 Level speaking of resistances we have These two resistances and the third Resistance here where you might also Want to take some profit is between These two levels at the 14.56 dollar level okay now when it Comes to support let’s have a look Starting at the four hour time frame you Can see this double bottom here at the Seven point eight dollar level is the First major support and then if we zoom Out to the one day time frame you can See that we have a notable one day low Which of course we want to not break so That we can maintain the uptrend on the Daily chart we actually have a very mini Mini uptrend here with a high a low and A higher high and then of course the Third support is the 6.45 level all Right guys that’s been it for today’s Video let me know down in the pin Comment section do you think that we’ve Bottomed out type bottomed out or do you Think that we are going to see a new low Type new low down in the pin comment Section below and if you enjoyed this Video i regularly cover altcoins doing The technical analysis on a range of Coins here so if you’re interested in Learning about ta or keeping a tab on Your favorite altcoins then don’t forget To like and subscribe to the channel and

Check out these other videos up here and With that being said i’ll see you the Next one [Music]