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Aug 2, 2021 10:03 AM

Short entry in Polkadot  

DOT / TetherUSBinance

Description

* Polkadot in 1H time frame forms a Head and shoulder pattern, with a neckline as it's support near $17.800
* The Head and shoulder pattern appears with 3 peaks, the 2 outside peaks are of smaller height compare to the middle one. It is a trend reversal pattern.
* If the Polkadot price breaks it's neckline ( Support ) we can see a drop till $16.700, it is bullish above $20.
Comments
aman1111
Great Chart !!! First TP Hit....
ich1baN
@aman1111, Its played out already - too far from right shoulder now.
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