Polkadot(DOT) ready to breach All Time High yet again 📈
Hello. My short-term technical analysis on Polkadot(DOT) shows that we can have a move to 57$ and beyond.
We have multiple supports reinforcing the 50-51 support level. We have:
1. ✅100EMA
2. ✅0.236 Fib
3. ✅Lower part of Price Channel
4. ✅Double bottom
The 14-RSI also is resting on its own support(green dashed trendline) with a breakout on it's own channel.
The price is in progress of breaking the red dashed trendline, which is bullish. When broken we may start seeing a bullish climb to $57, maybe even $60
DOT in my opinion has some really good potential. Let's see how this coin moves. I expect about a 10% move in the upcoming days.
Give constructive feedback in the comments, would really appreciate it! Thank you in advanced!
We have multiple supports reinforcing the 50-51 support level. We have:
1. ✅100EMA
2. ✅0.236 Fib
3. ✅Lower part of Price Channel
4. ✅Double bottom
The 14-RSI also is resting on its own support(green dashed trendline) with a breakout on it's own channel.
The price is in progress of breaking the red dashed trendline, which is bullish. When broken we may start seeing a bullish climb to $57, maybe even $60
DOT in my opinion has some really good potential. Let's see how this coin moves. I expect about a 10% move in the upcoming days.
Give constructive feedback in the comments, would really appreciate it! Thank you in advanced!
Comment:
So far, DOT has been countering this analysis, it is now below 50$
Comment:
DOT is now back in the channel. Seems to have formed an inverse head and shoulders pattern
