POLKUSDT trade ideas
POLK/USDT - 1D - Potential channel break & bull flag POLK looking like it wants to move on the Daily.
Purple channel (flag) measured move taps the 0.5 fib extension.
Blue arrow (pole) measured move taps the 286 fib extension. Higher still, yellow arrow measured move (rising trend channel) taps the 100% fib extension.
A bearish move could send price down to the ATL area. Looking for a bounce at the green box if price does break down though.
$POLK #POLK Polkamarkets - on watchlist!!!Polkamarkets is a DeFi-Powered Prediction Market built for cross-chain information exchange and trading, where users take positions on outcomes of real world events–in a decentralized and interoperable platform on Polkadot. The token is brand new, having been issued in February this year. The price is in a tightening range since Apr 1, dipping into a support zone between round 1.98 - 2.04 at remarkably similar time intervals of 28-30 4h bars so far. Weak resistances (thin dotted lines) lie overhead at around 2.36, and 2.70. If price breaks these and hold above them, this is a sign of bullish reversal to the upside, with stronger resistance overhead at around 3.06 and 3.49. Please follow BradtNom, leave a comment or link to your own ideas! Charts are for information purposes only. Not trade suggestions. DYOR (Do your own research) - act responsibly with your money.