DOT / TetherUSLong
POLKADOT (DOT) Re-accumulation
Updated
DOT has been in a re-accumulation structure since Feb 22nd when market leader BTC had its sell off and correction.
Accumulation has almost been completed and we have left the range in the form of a macro timeframe re-accumulation above our trading range.
Ordinary shake out failed to push the price down lower and so far in the current smaller structure we are forming higher lows in the form of an apex formation.
Supply seems to have diminished, aggressive buying could be a POE in the form of wide spread 4 hour bars on high volume.
Fundamentally strong asset with lots of interest and network effect, overall sentiment is very bullish.
Accumulation has almost been completed and we have left the range in the form of a macro timeframe re-accumulation above our trading range.
Ordinary shake out failed to push the price down lower and so far in the current smaller structure we are forming higher lows in the form of an apex formation.
Supply seems to have diminished, aggressive buying could be a POE in the form of wide spread 4 hour bars on high volume.
Fundamentally strong asset with lots of interest and network effect, overall sentiment is very bullish.
Note
BTC market leader unfortunately was subject to some very heavy selling which had quite large impact on the rest of the market. We are now back into Phase B of our re-accumulation structure
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