Charts to Monitor the Rise of Polkadot and Kusama.
The ecosystem prepares to go live end of Q1-Q3 of 2021.
- First Chart = is Dot/Eth/BTC. For this chart to go up Dot has to outperform both ETH and BTC.
- Top Right = Kusama Vs Dot . . Kusama is overlooked and undervalued. The idea is that Dot will out perform Eth and Kusama will out perform Dot.
double of top in resistance line have divergence btc don't have potentially same as before reduce volume of trade if see rsi indicator in week and monthly time frame you can understand move at over buy and should reduce
In looking at Bitcoin you can see the red pennant pattern marked on the chart. This is the consolidation pattern BTC was initially in.
BTC had a small breakout of this pennant, but dropped back down into the same pennant.
In zooming out on the chart you can see the real pennant consolidation pattern BTC is currently in. A much larger pennant that has formed...
i told you in my pervious post please very careful to trade at the btc because its not move technically i hope no body got damage .now i see triangle if break black line can move up but its very strong and change acting and doing resistance line now .btc wants move for support line
It appears that the test of the lower support for the channel was broken and recently recovered. However, downward pressure on the price action appears imminent based on several indicators on the weekly TF.
BTC is in a pennant pattern and deciding which way to go.
If it breaks out the top it can go to all time highs again (ATH marked on the chart).
If it breaks down it can fall down to the next green line before finding support (marked on the chart).