{"id":27802,"date":"2023-08-31T10:45:52","date_gmt":"2023-08-31T10:45:52","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/08\/31\/dot-usd-is-in-a-triangular-consolidation-the-bias-remains-bearish\/"},"modified":"2023-08-31T10:45:52","modified_gmt":"2023-08-31T10:45:52","slug":"dot-usd-is-in-a-triangular-consolidation-the-bias-remains-bearish","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/08\/31\/dot-usd-is-in-a-triangular-consolidation-the-bias-remains-bearish\/","title":{"rendered":"DOT\/USD is in a triangular consolidation. The bias remains bearish."},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/05\/1653397642894-ab5d8534-fefe-43ff-95a8-eb6402b57dbc-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/05\/1653397642894-ab5d8534-fefe-43ff-95a8-eb6402b57dbc-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/05\/1653397642894-ab5d8534-fefe-43ff-95a8-eb6402b57dbc-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/05\/1653397642894-ab5d8534-fefe-43ff-95a8-eb6402b57dbc-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/><img decoding=\"async\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2022\/05\/1653397642894-ab5d8534-fefe-43ff-95a8-eb6402b57dbc.jpg\" alt=\"\" width=\"100%\" height=\"100%\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>DOT\/USD is in a triangular consolidation<\/li>\n<li>The bias remains bearish<\/li>\n<li>Conservative merchants may need to watch for the market to maneuver first<\/li>\n<\/ul>\n<p>There is nothing optimistic in the DOT\/USD chart for bulls. The value motion remains constrained by a triangular sample that fashioned in the final twelve months.<\/p>\n<p>Sure sufficient, the triangle could break in both path. But the bias is bearish whereas Polkadot\u2019s value motion holds contained in the sample.<\/p>\n<p>Polkadot\u2019s value collapsed after the triple failure on the $50 space. The greenback\u2019s power was one purpose, however certainly another components contributed to the selloff.<\/p>\n<p>Not even the renewed optimism in the cryptocurrency market that was seen in 2023 was sufficient. After a small bounce, Polkadot gave away all of its 2023 good points because the market was (and nonetheless is) unable to interrupt the decrease highs sequence. At the identical time, it pushes for one more decrease low \u2013 a bearish improvement.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/media.igms.io\/2023\/07\/31\/1693475887827-6550c78b-6db6-4b75-a795-869dc7b027aa.jpg\" style=\"width: 1200px\" class=\"fr-fic fr-dib\" width=\"1200\" height=\"475\"\/><\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/symbols\/DOTUSD\/?exchange=CRYPTO\" rel=\"noopener noreferrer\" target=\"_blank\">Polkadot chart by TradingView<\/a><\/p>\n<h2>The bullish case for Polkadot<\/h2>\n<p>The solely strategy to assemble a bullish case for Polkadot is to attend for the market to maneuver first merely. For a \u201cproof of life,\u201d if you&#8217;d like.<\/p>\n<p>Such proof that the market turned bullish will seem provided that the value strikes above $8. And, if it holds there.<\/p>\n<p>It would imply that the earlier decrease excessive is damaged, and the bias turned bullish. Until such a transfer is seen on the each day chart, shopping for DOT\/USD is dangerous.<\/p>\n<h2>The bearish case for Polkadot<\/h2>\n<p>It is simpler to construct a bearish case due to the descending triangle talked about earlier. If the market makes a new decrease low, the triangle\u2019s measured transfer factors to a drop towards the $1 space.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this text<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/dot-usd-price-forecast-a-descending-triangle-keeps-bulls-at-bay\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] DOT\/USD is in a triangular consolidation The bias remains bearish Conservative merchants may need to watch for the market to maneuver first There is nothing optimistic in the DOT\/USD chart for bulls. The value motion remains constrained by a triangular sample that fashioned in the final twelve months. Sure sufficient, the triangle could break [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":24472,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[4],"tags":[40,1865,1650,4373,183,7847],"class_list":["post-27802","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market","tag-bearish","tag-bias","tag-consolidation","tag-dotusd","tag-remains","tag-triangular","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"_links":{"self":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/27802","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/comments?post=27802"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/27802\/revisions"}],"predecessor-version":[{"id":27803,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/27802\/revisions\/27803"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/24472"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=27802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=27802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/tags?post=27802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}