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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...
One thing I know for sure is that once this pattern breaks out we'll see some explosive price action. I'm leaning on the bull side right now.
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.
Just a short idea without fundamentals - looking for 18% and check where we go from there. Good luck
I will take the chance here to take advantage of some swings looking for outbreak above the purple trend-line. The white lines represent support/restistance-levels. Good luck
The white lines suggest support/resistance-levels. Good luck!
If DOT can bounce from the fib trendline (green circles) there is a potential for a big swing upwards until mid-march.
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.
Quick DOT Potential Swing Trade Setup Entry is shown on green line on graph Price action keeps bouncing between white lines Possible Pattern identifies Exit will be on white line or slightly below it
The chart speaks clearly, apex of the waves might change a bit
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.
Best viewed in the 15min timeframe. Polkadot (DOT) shows further growth and it's possible the trend will continue with new ATH.