In the 4 hours DOTUSD chart, Polkadot is finally retesting the 0.618 fibonacci level, showing signs of recovery so far in the last few hours. It could retest this fibonacci level (0.618) one more time or continue going up from here. The fundamentals of Polkadot are very strong and the 4 hours DOTUSD chart is showing a bullish trend so far.
Seeing a falling broadening wedge on the 3H timeframe. Price bounced from the bottom support trendline. Here you could do an aggressive buy or wait for the breakout of the pattern to be more conservative. MACD looks like it is about to cross to the upside.
Because we'v already went below the .764 and .786 we will touch .866 and further some confluence, the purple lines, falling wedge, trendlines, it will bump on the .866 and go up again.
BTC dipping has formed an inverse head and shoulders for $polkadot.
The fall of the crypto market did not bypass polkadot either. After losing $5.5 resistance it keeps falling and currently testing $4.5 support. If we close below the next target is $3.8. The worst case is that the whole pump will be retraced and we'll back to $2.5 Two setups I see here: * Scalp short from the previous support break at $5 * Scalp long from...
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DOT survives the BTC blood bath without a scratch and is still holding its ascending triangle. This DEFI coin remains my first choice for a long term hold assuming it breaks up in the next few days. Use a stop lose below this pattern in case it breaks down....
Hello! Short target - 4 - 4.5 $ Cancel - breakout - 7$ Good luck!
I can see it bullish from now up to medium Long Term.
With BTC on the road to 10k, I would like to point out some concern with Pokadot that many people over look. It is the rise, yet what got me is CoinMarketCap info on the exchanges. News -Bithumb got raided due to offering a security that was never seen to the investors. Regulation is gonna suck for people trying to stay away from the government. -Uniswap coins...
You can Long if break 6.5 or waiting 5.2 - 5.7 area All red Line and Blue Line is important, please be careful TP : 6.8 - 7.0 - 7.2 - 7.5 ----- 8+++++
Not in a million years will you ever be able to justify to me why a token split should result in a 2x price jump. DOT is, essentially, competing with ETH2.0 for ability to scale the network. If ETH2.0 fails, GAS prices make DOT expensive to maintain. If ETH2.0 succeeds, then what good is DOT? A very cool project, and one day could have benefit to protocol...