Kopite Analysis Daily: 14th May 2021 — DOT/USDT
We’re back for another analysis today again, and we’ll be looking at Polkadot this time.
After hitting an all time high (black line on chart) of 48.2, Polkadot dumped back to 30-40 levels, and has since stayed there. In recent weeks, it formed a nice symmetrical triangle, with a breakout incoming very soon.
If Polkadot breaks up, we should likely be seeing a test of the existing ATH, and could quite possibly crack through into 50+ levels before halting.
Should Polkadot fall and crash out of the triangle, it should test the support levels at around 27.5 - 30.
And that’s it for this post of the Kopite Analysis. 2 posts coming tomorrow for a weekend prediction on two different coins!
Stay tuned, and leave a like if you agree with my charts. Thanks!
(NFA, This Post Is Not Intended To Be Financial Advice. Use Charts At Your Own Risk.)
We’re back for another analysis today again, and we’ll be looking at Polkadot this time.
After hitting an all time high (black line on chart) of 48.2, Polkadot dumped back to 30-40 levels, and has since stayed there. In recent weeks, it formed a nice symmetrical triangle, with a breakout incoming very soon.
If Polkadot breaks up, we should likely be seeing a test of the existing ATH, and could quite possibly crack through into 50+ levels before halting.
Should Polkadot fall and crash out of the triangle, it should test the support levels at around 27.5 - 30.
And that’s it for this post of the Kopite Analysis. 2 posts coming tomorrow for a weekend prediction on two different coins!
Stay tuned, and leave a like if you agree with my charts. Thanks!
(NFA, This Post Is Not Intended To Be Financial Advice. Use Charts At Your Own Risk.)