DotBTC Descending TriangleI believe this is a fundamentally strong project that will do very well. That being said, the chart had been printing a descending triangle since it made its impulse move post-listing. A clear Horizontal support line has formed with lower highs ever since the top of the impulse move. A breakdown of the horizontal support line should send the price down to a target around 0.00025 btc where I will long Polkadot, assuming volume and bullish divergence is printing at these levels. A break of the falling resistance line with volume will invalidate this setup and I will take an entry at a retest of the falling resistance line.
