DOT continued its downward trend during the last week. But by accurately hitting the bottom of its medium-term descending channel, the price increased just like the Cardano chart. But this increase in price has not shown high power from the buyer. Considering that the price is completely in a downward trend until the resistance of the $6 range becomes support,...
Next one is going to be DOT coin here. Well will keep it short - We are currently at important level where we should witness a breakout or a breakdown. So let's see what will happen here
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It's been a while since we did a DOTUSDT idea, then it's time to refresh our thoughts.
As you can see from the chart, the DOT price is clearly moving from one liquidity level to another, we have marked them nicely on the chart.
So, we assume that the price of the Polkadot token will consolidate a little more, buyers will gain strength and break up from the...
🔥Hi friends! Poldatot is most promises altcoin except ETH. The bridge between the blockhains is very usefull tool in crypto world, especially for the payment services.
Now DOT consolidate in the HUGE falling wedge and make LL and LH. It's not good, cause some of altcoin still make HH and HL, showing the strength. It can be related to the amoun of retail...
The price is losing the support inside the pennant figure.
How to approach it?
IF the price is going to lose the support and retest as new resistance, According to Plancton's strategy , we can set a nice order
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
DOTUSDT has been in a strong bearish trend .
The price has broken below major supports.
Now price has took support at horizontal zone.
The bulls need to hold the breakout above falling resistance.
We are expecting bulls will took control and price may go higher from here.
Manage your trades accordingly.