Dot has been a slow mover recently, however price is still on a valid uptrend, and has printed a symmetrical triangle. Looking at all of the variables, this is bullish.
Reasons not to enter yet:
1. We havent broken and closed above the upper trendline.
2. Bitcoin may have a small retracement which could have a wider impact on Polkadot.
3. Shorter term downtrend is more recent, we need to break that and the 38.2% line.
Let me hear your thoughts.
Reasons not to enter yet:
1. We havent broken and closed above the upper trendline.
2. Bitcoin may have a small retracement which could have a wider impact on Polkadot.
3. Shorter term downtrend is more recent, we need to break that and the 38.2% line.
Let me hear your thoughts.
Note
Ignore the entry line. Forgot to remove it from a previous entry.**This is not financial advice.
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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.