POLKADOT-Can a good news save an asset?
Hello everyone
Due to the bad news from wallsreet and Nasdaq, a big red bar appeared on every chart, on daily of coarse.It's not the first time we had more than 10% fall in crypto market.
On daily chart of DOTUSDT, there's a double bottom pattern forming, which can take the price to our resistance level of 15.5$ and maybe break out of our bear trend line; As for our support, price levels of 14.5$ and 14$ are in place , plus a weekly trend line which held on good in the past couple of days.
We may get a doji bar for today,because of the news and fear, so just don't expect that much from the market today.
I will be glad to hear some feedback and questions.
Due to the bad news from wallsreet and Nasdaq, a big red bar appeared on every chart, on daily of coarse.It's not the first time we had more than 10% fall in crypto market.
On daily chart of DOTUSDT, there's a double bottom pattern forming, which can take the price to our resistance level of 15.5$ and maybe break out of our bear trend line; As for our support, price levels of 14.5$ and 14$ are in place , plus a weekly trend line which held on good in the past couple of days.
We may get a doji bar for today,because of the news and fear, so just don't expect that much from the market today.
I will be glad to hear some feedback and questions.
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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.