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BigLava
Feb 11, 2021 6:36 PM

DOT inverted H&S. Long

Polkadot / U. S. DollarKraken

Description

DOT/USD could potentially complete final shoulder.

If this occurs we could also get a retest in trend support. If the support can hold we have a higher chance of breaking out once the last shoulder is completed.

Breakout of wedge resistance would confirm bullish continuation.

This setup is invalidated if the price closes below wedge support.


Critical support/demand levels : $21.7 - $22.08
Comments
ProSignalsFx
looks like a bearish wedge to me, short after the breakout
BigLava
@MountainTraderFX, Yes the steep rising wedge was a huge red flag of potential bearish trend. But I feel as if its to risky to scalp short positions in a strong bull market. Thanks for your support and feedback <3
yazpower
I like when you Long Dot :)
BigLava
@yazpower, Me too !! :)
InkyGrip
nice chart! thanks! 🦐
BigLava
@plancton0618, Thanks <3
gregcharles92
wow this was perfect
BigLava
@gregcharles92, Thanks <3
sifan90
Your analysis is so accurate!
BigLava
@xiaosifan0223, Thank you! The community support keeps me going :)
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