Few days ago i published chart (4H) with DOT predictions. There we could see ascending triangle (bullish)
I thought DOT will go up earlier, however BTC dump changed my plans and broke 4H triangle.
Now as we can see Polkadot goes up and there is another triangle 1D which means the pump will be later than I thought
MACD given us green light to buy DOT in the first...
I hope you heard from Polkadot its a smart chain system which is very efficient! The price pushed up from 2 to 40 dollars and I think there is lot more room to the upside. Im not a financial advisor but I can say you that Polkadot is going to 10x or more because its getting hyped in the future.
bye. hope you hear to me.
DOT is still building momentum and has potential to reach 21-23€ ($25-28) in the next 6-12 days - of course this depends on BTC not making any strong swings, but currently it seems like it is still consolidating for the time being.
Pennant: A pennant is a small symmetrical triangle that begins wide and converges as the pattern matures
(like a cone). The slope is usually neutral. Sometimes there will not be specific reaction highs and lows from
which to draw the trendlines and the price action should just be contained within the converging trendlines.
In 1 we have an increase in volume followed by a sharp upwards movement, till 2 where the volume flats and can change in the comming days. Expected retraction at 61,8% and 50% fibonacci levels, followed by another move upwards.
Please comment on what needs to improve in the analysis.