Polkadot(DOT): Reached Middle Line Of Bollinger Bands!
DOT had a nice bounce from 200EMA and is now testing the middle line of Bollinger Bands.
What we are looking for here is a potential weakness to kick near the middle line, which would mean that the price gets rejected from there.
If this kind of movement doesn't happen, then we might see a movement towards the upper resistance zone, from where we will be looking at a potential short position!
Swallow Team
What we are looking for here is a potential weakness to kick near the middle line, which would mean that the price gets rejected from there.
If this kind of movement doesn't happen, then we might see a movement towards the upper resistance zone, from where we will be looking at a potential short position!
Swallow Team
Comment:
DOT is seeing some rejections near the middle line of Bollinger Bands. If we see the second daily candle close below this zone, we might see some good moves towards both 100 and 200 EMAs.
Comment:
And we had a second daily close below the middle line of Bollinger Bands, and the price has moved since then by a nice 7%.
We are monitoring for a potential further movement to lower zones after breaking that 100EMA (eventually).
We are monitoring for a potential further movement to lower zones after breaking that 100EMA (eventually).
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