Hello all. Looking at DOTUSD on the daily chart, we see the price of polkadot inside a rising channel, and currently sitting at a point of resistance at the current $8.75 price level.
While the support of this channel is at $7.14 which is a 20% lower price, the next biggest resistance sits at $15 which is a potential 77% gain.
If the price breaks the current resistance and hits the fib golden pocket at $9 .50 I will expect a rally all the way up to $15.
Retest levels to keep an eye on: 51 Day EMA, Support of the channel at $7.14, 100% fib level at $11.9.
Thanks for reading, and stay tuned. Enjoy.
While the support of this channel is at $7.14 which is a 20% lower price, the next biggest resistance sits at $15 which is a potential 77% gain.
If the price breaks the current resistance and hits the fib golden pocket at $9 .50 I will expect a rally all the way up to $15.
Retest levels to keep an eye on: 51 Day EMA, Support of the channel at $7.14, 100% fib level at $11.9.
Thanks for reading, and stay tuned. Enjoy.
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.
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.