Polkadot has zoomed ~360% in the year 2021. After hitting an All-Time High of $42.28 on Feb 20 has retraced back to 0.382 Fib level. It has taken support at 20 DEMA and it seems likely to resume its bullish rally.
In the 1 Hr Time Frame, DOT has been trading in a Symmetrical Triangle for about the past 18 days. It has given a breakout from the pattern and is likely to resume its up move.
Key Levels to watch out:-
Thus, it is likely to achieve the first target of $42 followed by $46.5.
The supports to the lower side are placed at $36 followed by $33.5.
In the 1 Hr Time Frame, DOT has been trading in a Symmetrical Triangle for about the past 18 days. It has given a breakout from the pattern and is likely to resume its up move.
Key Levels to watch out:-
Thus, it is likely to achieve the first target of $42 followed by $46.5.
The supports to the lower side are placed at $36 followed by $33.5.