Price analysis of altcoins: an ascending sign of the Polkadat and Kozama charts



A technical indicator shows that Polkadat and Kozama may start a new upward trend despite the decline they have experienced in the last 10 days. However, the condition for the formation of this upward trend is the passage of key resistance against price.

According to Crypto Briefing, the price of Polkadat decreased by 28.72% since reaching a peak of $ 23.85 on April 2 (April 13). The price close to $ 17 forms new support, and in the meantime a technical indicator shows that the Pulkadat market is in a saturated state and may experience a significant jump.

The current state of the Tom DeMark Sequential Index in the 1-day market review shows that current levels may be a good opportunity to buy Polkadat. These indicators identify points where the price trend may change. Specifically, if 9 consecutive candlesticks close or are lower than the end point of the 4 previous candlesticks, then the market trend is expected to be reversed.

This upward perspective is also shaped by the formation of the ninth red indicator of this indicator, which may be accompanied by one to four ascending candles or the beginning of a new upward movement. Increasing purchasing pressure at current levels may help complete this upward perspective.

Price analysis of altcoins: an ascending sign of the Polkadat and Kozama charts
Polkadat price chart; Consecutive Tom Diamark indicator in 1-day market view.

Closing the daily candle above $ 18.30 can encourage buyers to be more active in the market. The break of this resistance will be a confirmation of the upward trend in the consecutive Tom Diamark index, after which the price may rise to $ 19.50 and even $ 21.

Price analysis of altcoins: an ascending sign of the Polkadat and Kozama charts
Polkadat price chart; Fibonacci levels in 1-day market view.

Kozama, like Pulkadat, has already reached a critical juncture after rising sharply on April 4 (April 14), when rising demand could lead to a jump in prices. The support of $ 148 in recent days has prevented the fall in the price of Kozama and the upward return of the price may begin in this area. Of course, the price faces key resistance at $ 160 to jump to higher levels.

The same goes for the consistent Diamark index on the Kozama market, and the ninth red indicator of this indicator can be seen in the image below. Kozama needs to reach over $ 160 to confirm this upward perspective. Then we can expect a price jump to $ 180 and then $ 207.

Price analysis of altcoins: an ascending sign of the Polkadat and Kozama charts
Kozama price chart; Fibonacci levels in 1-day market view.

To shape this upward trend, Polkadat and Kozama need to move away from supporting their charts and move up. Falling below $ 17 opens the door for a deeper decline to $ 16, and if Kozama fails to maintain support at $ 148, the price could fall to $ 136 to additional support.

The publication Analysis of coin prices: the sign up on the chart Polkadat and Kozama appeared for the first time in digital currency.

Leave Your Comment

Your email address will not be published.

Supportscreen tag