Polkadot on his way back

Updated
it's always very difficult to analyse new coins because more we can back in the past, more it's easy to find supports and resistances.

Dot is still performing a good come back as you can see by his multiple bounces on a forming uptrend Line. Like always the King is controling those coins by his dominance so you always have to check BTC before entering a trade and exit fast if a dip happens.

Simple Targets :

- TP1 4.80$ (38.2% retrace)
- TP2 5.50$ (61.8% retrace) - Strongest Resistance

Stop Loss : 3.90$

Happy Tr4Ding !
Note
TP1 Reached
Note
Retracing with BTC.
Note
important area reached back.

snapshot
Note
snapshot
Trade closed manually
TP1 reached, now under BTC dominance. Broke Uptrend Line.
Note
Target reached with delay as BTC still have strong dominance.
Chart PatternsDOTdotlongDOTUSDDOTUSDTHarmonic PatternspolkapolkadotpolkadotecosystempolkadotlongpolkadotusdTrend Analysis

Disclaimer