Hello and welcome to this quick market update:
With all the parachain hypes around $DOT aside, let’s discuss the TA a little bit:
As you can see, in my opinion $DOT is trading in a rising wedge and currently we are at a very import support.
Both static and dynamic supports are aligned here (+ 21D ema), so it is fair to say that if we loose this line, the All Time High will delayed for a long time for Polkadot family.
As I show you in the chart:
if we sustain this level $60 would be our first target
And if we break below this wedge, $26 is where I would like to buy $DOT again
Let’s hope that Bitcoin is done with the correction ;))))
What do you think will happen first, $26 or $60?
With all the parachain hypes around $DOT aside, let’s discuss the TA a little bit:
As you can see, in my opinion $DOT is trading in a rising wedge and currently we are at a very import support.
Both static and dynamic supports are aligned here (+ 21D ema), so it is fair to say that if we loose this line, the All Time High will delayed for a long time for Polkadot family.
As I show you in the chart:
if we sustain this level $60 would be our first target
And if we break below this wedge, $26 is where I would like to buy $DOT again
Let’s hope that Bitcoin is done with the correction ;))))
What do you think will happen first, $26 or $60?