This is my anaylsis of Polkadot (DOT) movement over the next 45 days. We have a megaphone pattern emerging which is a sign of increased volatility. With market overall direction and upcoming parachain auctions, I am leaning more towards a break towards the upper rather than the lower. However, the ADA smart contract launch and the Binance Chain token may steal a lot of Polkadot's thunder in the short term and keep it from gaining market cap. Only time will tell. DYOR. Not financial advice.
Comment:
There is a chance of a head and shoulders formation if DOT cannot break 40 and retouches the $27 to $28 range then that would signal a sell and re-entry point of approx. $18.00
Comment:
Three days later and it is EXACTLY in my line