Polkadot Higher Time Frame Bullish Outlook
Hello traders:
Also on watch for the week ahead is DOT.
Majority of the bigger cap coins are developing similar across the market.
Here on DOT, we can see the higher time frame has formed into a nice expanding structure, correcting for the previous impulse move.
The latest development has shown price hit the previous lows, potential double bottoms.
Last few couple days have shown bearish price has slow down, and momentum could be exhausted.
To confirm the upside for entry, wait for some lower time frame bullish reversal price action at the bottom of the higher time frame structure. This could kick off the next bull run if it is confirmed.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.