Dotusdtshort
Trend reversal pattern in Polkadot* Polkadot in 4H time frame appears with Head and shoulder pattern.
* Head and shoulder is a trend reversal pattern occurs during the uptrend.
* DOT has a support around $23, if the price breaks the support we can expect a drop till $20.
* Polkadot can even bounce back up from the support.
DOT is in an uptrend, The trend is your friend. You will never know when the trend ends, on the 4H Chart, it's textbook analysis that we are trending upwards.
Until you see a rejection in more upside, and breaks the trend line, you can consider some shorts, as for now, you're good if you're long.
Take profits when it breaks the trendline on the 4h chart.
Dot- Near strong resistance, drop could followAfter a spike up towards 50, Dot dropped almost 50% to 26-27 support. Now the coin is in a corrective rally that seems to be close to an end.
40 is strong resistance for this coin and a drop could follow from this zone
27 found be the target for bears for an 1:3 R:R
I'm looking to sell