Head and shoulders
Updated
Head and shoulders forming on the 4H
Technicals:
Fundamentals
Looks like a news driven dump
Some news on Polkadot
Bitmex listing on March 3
LEdger live on th MArch
IOST partnership on 5th
Next news to look forward to:
13th March Chain restart
18th March - Defiance online conference
Technicals:
- This is a long term trendline which can break due to bearish momentum
- Look for confirmation of the pattern.
- RSI and MACD bearish
Fundamentals
Looks like a news driven dump
Some news on Polkadot
Bitmex listing on March 3
LEdger live on th MArch
IOST partnership on 5th
Next news to look forward to:
13th March Chain restart
18th March - Defiance online conference
Note
It bounced off from the bottom of the symmetric triangle. Look for potential reversal signs. This may break in either direction. Look for confirmation signal before jumping in the tradeChart in the comments
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