Hello and welcome to this quick market update:
With all the parachain hypes around
DOT aside, let’s discuss the TA a little bit:
As you can see, in my opinionDOT is trading in a rising wedge and currently we are at a very import support.
Both static and dynamic supports are aligned here (+ 21D ema), so it is fair to say that if we loose this line, the All Time High will delayed for a long time for Polkadot family.
As I show you in the chart:
if we sustain this level $60 would be our first target
And if we break below this wedge, $26 is where I would like to buyDOT again
Let’s hope that Bitcoin is done with the correction ;))))
What do you think will happen first, $26 or $60?
With all the parachain hypes around
DOT aside, let’s discuss the TA a little bit:As you can see, in my opinion
DOT is trading in a rising wedge and currently we are at a very import support.Both static and dynamic supports are aligned here (+ 21D ema), so it is fair to say that if we loose this line, the All Time High will delayed for a long time for Polkadot family.
As I show you in the chart:
if we sustain this level $60 would be our first target
And if we break below this wedge, $26 is where I would like to buy
DOT againLet’s hope that Bitcoin is done with the correction ;))))
What do you think will happen first, $26 or $60?
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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.
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.