Polkadot (DOT): Looking For Zone of Weakness
Polkadot is still trading in the sideways channel after a recent sell-off we had where the price got stopped at the local support zone.
We are now looking for a possible touch to 2 of our resistance zones where we want to see any signs of weakness, which would start a possible second wave sell-off.
Swallow Team
We are now looking for a possible touch to 2 of our resistance zones where we want to see any signs of weakness, which would start a possible second wave sell-off.
Swallow Team
Note
Polkadot has touched the middle line of Bollinger Bands, which is currently in a bearish trend.
We are looking for a possible rejection from this zone but if we see any signs of breakout, we will be looking next for the zone of $4.9 to be a zone of rejection.
Note
The middle line of Bollinger bands has been broken and the price continues to move towards upper resistance zones.
We are waiting for the price to reach the upper zones, where we expect to see a possible rejection.
Note
Polkadot did a good rejection from our first resistance zone, where price moved nicely towards our major support zone, resulting in a good 22% market price movement!
🚨 Authentic Mentoring
⚡️ Short-Term + Mid-Term Trades
Join our amazing team and be part of something bigger.
FREE: t.me/+fiEDSn7M9pJkODA0
⚡️ Short-Term + Mid-Term Trades
Join our amazing team and be part of something bigger.
FREE: t.me/+fiEDSn7M9pJkODA0
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.
🚨 Authentic Mentoring
⚡️ Short-Term + Mid-Term Trades
Join our amazing team and be part of something bigger.
FREE: t.me/+fiEDSn7M9pJkODA0
⚡️ Short-Term + Mid-Term Trades
Join our amazing team and be part of something bigger.
FREE: t.me/+fiEDSn7M9pJkODA0
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.