Goooooooooodmorning Folks,
As I am a believer in the Polkadot ecosystem and I have positions in this beautiful asset I will give my opinion here on the USDT chart.
What I see on the Daily chart for the price coming closer to resistance is not how you would like to see the price action fighting resistance..
Small real bodies with wicks on both sides not with a lot of volume.. As yet prices rise that is positive but yet we have to be aware..
So I always look closer in to the 4 hour chart. Because I have the personal feeling of this chart giving me more information about short term/longer term trends.
i.e of hours among day...
What I see on the 4 hour chart is the uptrend line being test several times.. and it holds the test. also with determination in the sense of this long lower shadows imply for rejecting of lower prices.
That is positive. We clearly making us self ready to fight resistance level again. It has failed to penetrate it 2 times earlier.
If we break resistance next price level will be around $16.50.- to test that level. If we don't break resistance there is a likelihood for prices to fall back to $14/$13.5.-
If that doesn't hold we fall back even lower to price level around $13.-
But be positive because the overall trend last days is up and you know the trend is your friend LOL.
As I am a believer in the Polkadot ecosystem and I have positions in this beautiful asset I will give my opinion here on the USDT chart.
What I see on the Daily chart for the price coming closer to resistance is not how you would like to see the price action fighting resistance..
Small real bodies with wicks on both sides not with a lot of volume.. As yet prices rise that is positive but yet we have to be aware..
So I always look closer in to the 4 hour chart. Because I have the personal feeling of this chart giving me more information about short term/longer term trends.
i.e of hours among day...
What I see on the 4 hour chart is the uptrend line being test several times.. and it holds the test. also with determination in the sense of this long lower shadows imply for rejecting of lower prices.
That is positive. We clearly making us self ready to fight resistance level again. It has failed to penetrate it 2 times earlier.
If we break resistance next price level will be around $16.50.- to test that level. If we don't break resistance there is a likelihood for prices to fall back to $14/$13.5.-
If that doesn't hold we fall back even lower to price level around $13.-
But be positive because the overall trend last days is up and you know the trend is your friend LOL.