-If Bitcoin continues to slump, DOT will be in confirmed bear market territory breaking down the diagonal trend line.
-The chandelier exit still has not printed a SELL signal on the weekly, however, it appears to be heading that way.
- Be very cautious with your entries here as we may see capitulation down to the $10 - $12 levels and possibly further downside, depending on where btc finds support.
Polkadot has taken such a beating. Last November, it was $53.94! Such a shame, but I can't imagine it going much lower. In my opinion, Polkadot is still a project to watch, as there are many new products joining the ecosystem.
Short-term, I don't know. But long-term, I'm sure Polkadot will eventually get back to its old levels.
Short-term, I don't know. But long-term, I'm sure Polkadot will eventually get back to its old levels.