DOTUSD Buy Signal
Polkadot has been trading under a Lower Highs trend-line since September 01. Currently the RSI is rebounding off of the monthly Support Zone, so it is possible that this is the new Bottom.
The first Lower High reached (even exceeded) the 0.618 Fibonacci retracement level, while the next one reached the 0.5. If is a progressive sequence, we can assume that the next Lower High will reach (at least) the 0.382 Fibonacci retracement level. That is currently marginally below 4.000. That is my target on a 1 week horizon.
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The first Lower High reached (even exceeded) the 0.618 Fibonacci retracement level, while the next one reached the 0.5. If is a progressive sequence, we can assume that the next Lower High will reach (at least) the 0.382 Fibonacci retracement level. That is currently marginally below 4.000. That is my target on a 1 week horizon.
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> Hunchocrypto1
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