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Important Notice - Fraud awareness
Important Notice - Scam alert
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 54.76% of retail investor accounts lose money when trading CFDs / Spread betting with this provider. You should consider whether you understand how CFDs / Spread betting work and whether you can afford to take the high risk of losing your money.
Important Notice - Fraud awareness
Important Notice - Scam alert
The vast majority of retail investor accounts lose money when trading CFDs / Spread betting with this provider.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail investor accounts lose money when trading CFDs / Spread betting with this provider. You should consider whether you understand how CFDs / Spread betting work and whether you can afford to take the high risk of losing your money.
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      Polkadot turns around, reversed from resistance area

      DOTUSD - Polkadot cryptocurrency recently reversed down from the resistance area located between the key resistance level 18.75 (which has been reversing the price from the end of February) and the upper daily Bollinger Band. The downward reversal from this resistance area stopped the earlier minor impulse wave 1 from the end of February.

       

      Given the strength of the aforementioned resistance area and the very strong trend that has been affecting this cryptocurrency from last November - Polkadot prices can be expected to fall further toward the next support level 15.8 (which has been reversing the pair from last January).

       DOTUSD - Primary Analysis - Mar-15 1136 AM (1 day)
      Last Updated: 15/03/2022

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