Polkadot is one of those cryptocurrencies that piqued my interest this past bull market. Unfortunately, the online community is already becoming a ghost town, after the project appeared suddenly in the top 10 by market cap. Many cryptocurrencies are breaking down from their bull market uptrends, but DOT is still above. Should the support fall, I think DOT can eventually head back below $10. Depending on what's going on with the project and ecosystem at that point, I may purchase some at those prices.
Let's see! On the upside, if it holds the uptrend, DOT can test the top of the channel once more. This is not meant as financial advice - this is meant for speculation and entertainment only.
@RektMyMom that coupled with the fact it fell out of it's ascending triangle pattern
Super_B_XinR
⋅
How much money do you think is appropriate for long term investment?
Motrades
⋅
How did you draw that channel ? It’s completely wrong with all respect. I have same chart and channel support at $16 exactly.
VictorCobra
⋅
@Motrades, why don’t you share it? I’m using log scale and this is how it showed up on my chart. Would help to see what you’re seeing. In the end, trendlines can be fairly arbitrary anyway.
-Victor Cobra
VictorCobra
⋅
@Motrades, Touching the channel right now, how I've drawn it. -Victor Cobra
Motrades
⋅
@VictorCobra it doesn’t let me share my chart here. I will publish idea now can u take a look ? I’m very surprised how we have same trendline but different targets
VictorCobra
⋅
@Motrades, that’s very odd. Sure, I’ll take a look.
-Victor Cobra
nigelgjones
⋅
Don’t get the ghost town comment? There’s so much going on in Dotland, see itchybums comment above.