Hi Everyone
I can't seem to get a video out, might be a glitch - I'll do a chart on Polkadot today as per request.
It seems we might be stair stepping lower, we do not have the buying volume on this support level. Therefore, price action would have to drop lower to see if buying pressure can be found. However, anything between the 0 and 0.236 retracement is good in terms of a re-accumulation zone.
From the past we have seen DOT make explosive moves, 880% and then 440%. It is therefore likely that we will see this again when the next alt season starts. This is a time to breath, relax, and be ready for when the next bull cycle starts which could still take a while.
Best Regards
Ev
I can't seem to get a video out, might be a glitch - I'll do a chart on Polkadot today as per request.
It seems we might be stair stepping lower, we do not have the buying volume on this support level. Therefore, price action would have to drop lower to see if buying pressure can be found. However, anything between the 0 and 0.236 retracement is good in terms of a re-accumulation zone.
From the past we have seen DOT make explosive moves, 880% and then 440%. It is therefore likely that we will see this again when the next alt season starts. This is a time to breath, relax, and be ready for when the next bull cycle starts which could still take a while.
Best Regards
Ev
