13.03.202607:48 Forex Analysis & Reviews: Polkadot has the potential to strengthen and rise towards its nearest resistance level

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[Polkadot]

With a Golden Cross intersection on the EMAs condition and RSI(14) in the Neutral-Bullish level, there is an opportunity for Polkadot to strengthen toward its nearest resistance.

Key Levels

1. Resistance. 2 : 1.5566

2. Resistance. 1 : 1.5324

3. Pivot : 1.5061

4. Support. 1 : 1.4819

5. Support. 2 : 1.4556

Tactical Scenario

Positive Reaction Zone: If the price holds at 1.5061, there is a likelihood of strength toward 1.5324.

Momentum Extension Bias: If 1.5324 is broken out, there is potential for further gains toward 1.5566.

Level Invalidation / Bias Revision

The upside bias weakens when price < [support] (lebih lanjut jika < [reassessment trigger]).. (Note: original Indonesian text is missing)

Technical Summary

EMA(50) : 1.5096

EMA(200): 1.5005

RSI(14) : 51.71

Economic News Release Agenda:

Tonight the United States will release the following economic data:

US- Core PCE Price Index m/m - 19:30 WIB

US - Prelim GDP q/q - 19:30 WIB

US - Core Durable Goods Orders m/m - 19:30 WIB

US - Durable Goods Orders m/m - 19:30 WIB

US - Prelim GDP Price Index q/q - 19:30 WIB

US - Personal Income m/m - 19:30 WIB

US - Personal Spending m/m - 19:30 WIB

US - JOLTS Job Openings - 21:00 WIB

US - Prelim UoM Consumer Sentiment - 21:00 WIB

US - Prelim UoM Inflation Expectations - 21:00 WIB

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