Polkadot(DOT) ready to breach All Time High yet again 📈
Updated
Hello. My short-term technical analysis on Polkadot(DOT) shows that we can have a move to 57$ and beyond.
We have multiple supports reinforcing the 50-51 support level. We have:
1. ✅100EMA
2. ✅0.236 Fib
3. ✅Lower part of Price Channel
4. ✅Double bottom
The 14-RSI also is resting on its own support(green dashed trendline) with a breakout on it's own channel.
The price is in progress of breaking the red dashed trendline, which is bullish. When broken we may start seeing a bullish climb to $57, maybe even $60
DOT in my opinion has some really good potential. Let's see how this coin moves. I expect about a 10% move in the upcoming days.
Give constructive feedback in the comments, would really appreciate it! Thank you in advanced!
We have multiple supports reinforcing the 50-51 support level. We have:
1. ✅100EMA
2. ✅0.236 Fib
3. ✅Lower part of Price Channel
4. ✅Double bottom
The 14-RSI also is resting on its own support(green dashed trendline) with a breakout on it's own channel.
The price is in progress of breaking the red dashed trendline, which is bullish. When broken we may start seeing a bullish climb to $57, maybe even $60
DOT in my opinion has some really good potential. Let's see how this coin moves. I expect about a 10% move in the upcoming days.
Give constructive feedback in the comments, would really appreciate it! Thank you in advanced!
Note
So far, DOT has been countering this analysis, it is now below 50$Note
DOT is now back in the channel. Seems to have formed an inverse head and shoulders pattern
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