Polkadot caught our attention with its price, showing some signs of a fakeout near the resistance zone (which was broken but not secured).
As we are forming a fakeout here, we are also looking for potnetial downward movement here, so eyes open!
Swallow Team
As we are forming a fakeout here, we are also looking for potnetial downward movement here, so eyes open!
Swallow Team
Note
Polkadot is still trading above that broken resistance zone, where price has re-tested the broken zone and showed some strength around that zone.
Despite that, we are not very optimistic for further upward movement here, so we are still looking for a breakdown to happen, but if we somehow manage to break also the current timeframes ATH, we might see price to move to upper zones here!
Note
The first target was reached after getting a nice rejection near the resistance zone.
As we are still falling here, we see some kind of struggle forming near EMAs, but it should not be a worry, (we think).
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Keep an eye on us and you will not regret it. 😉
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🚨 Authentic Traders
⚡️ Short-Term + Mid-Term Trades
Keep an eye on us and you will not regret it. 😉
Telegram: t.me/+fiEDSn7M9pJkODA0
⚡️ Short-Term + Mid-Term Trades
Keep an eye on us and you will not regret it. 😉
Telegram: t.me/+fiEDSn7M9pJkODA0
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.