POLKADOT respects Fibonacci channel levels very much!Technical analysis regarding the price of POLKADOT in relation of dollar Tether for the next scenarios, based on 4 hour movement.
The price of this cryptography respects the levels of channels very much if you look at the past and well, as I rely on 90% Fibonacci to carry out my projections / analyzes, I strongly believe in the next price levels that you can achieve.
Breaking this congested accumulation region (at the top), the price will have no barriers to reach such levels.
disclaimer
*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
Polkadotusdt
DOTMy Fellow Crypto Traders,
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ANALYSIS:
DOT failing to break the daily R1 could trigger a re-test of the daily S1, which shares confluence w/ the VWAP anchored @ the 15th bar from the current price action. Therefore, a re-test of the daily S1 would be a nice entry scalp, as long as the blue upward diagonal trend line holds. If there is a trend failure, would expect DOT to test .236 fib level for support, and would be a nice long entry once validated.
POLKADOT - DOT/USDT - correction + ENTRY LEVELSDOT - Polkadot is close to the main support for another bull run. If we break this support around $16.6869, we are going lover. For those who prefer to be in, you can buy around $14.8949. I prefer to enter LONG positions at $13.3000.
Entry levels LONG:
$14.8949
$13.3000
$12.3716
$11.7788 - STRONG BUY
$10.7839 - STRONG BUY