POLKADOT ANALYSIS
Updated
As you can see, it is a bulish market for #DOTUSDT !! Weekly TIMEFRAME !!
Weekly TIMEFRAME
Dot, did not have a good rest because of the intermittent parachaine auctions.
But for now, two scenarios can be expected:
1. According to Trend 1: it broke its previous resistance, then the resistance has become a good support, so far it has pulled back to its level. If bitcoin does not fall, this pullback can be considered as a sign of continued upward trend.
2. Trend 2: If Bitcoin corrects, dot can also breathe a little fresh air and correction to the Fibo level of 0.3.
This is not a buy and sell offer. Pay attention to the word stabilize and do not enter into a trade in a hurry.
Weekly TIMEFRAME
Dot, did not have a good rest because of the intermittent parachaine auctions.
But for now, two scenarios can be expected:
1. According to Trend 1: it broke its previous resistance, then the resistance has become a good support, so far it has pulled back to its level. If bitcoin does not fall, this pullback can be considered as a sign of continued upward trend.
2. Trend 2: If Bitcoin corrects, dot can also breathe a little fresh air and correction to the Fibo level of 0.3.
This is not a buy and sell offer. Pay attention to the word stabilize and do not enter into a trade in a hurry.
Note
Update (1/3/2022) : I don't see the need to post a new analysis. The same analysis that was done several weeks ago is enough
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