Polkadot(DOT): Middle Line of Bollinger Bands Holds Strong!
Polkadot is looking sweet to move towards 200EMA with those nice rejections near the middle line of Bollinger Bands.
We suggest keeping an eye on that line and overall on the Polkadot; we might see some good results here!
Swallow Team
We suggest keeping an eye on that line and overall on the Polkadot; we might see some good results here!
Swallow Team
Comment:
Polkadot made a really nice movement towards our first target zone (7% of market price movement).
We are now keeping an eye on the next daily candle, which has opened above 100 EMA. If we will be trading above that line, we might see a test to the middle line of Bollinger bands; if not, then for the move to 200 EMA.
We are now keeping an eye on the next daily candle, which has opened above 100 EMA. If we will be trading above that line, we might see a test to the middle line of Bollinger bands; if not, then for the move to 200 EMA.
Comment:
Polkadot has made a really nice movement, filling our lower low zones and resulting in a nice 28% market price movement.
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As we have already had almost 5% of market price movement, we are looking for the line to be broken (in order for 200EMA to be tested).
Swallow Team