It seems that Polkadot, the DOT, has made a harmonic pattern. And the downtrend line has broke due to the uptrend wave started by the BTC.
However, be careful since there probably be a retest or pullback down to shake some of the buyers.
However, be careful since there probably be a retest or pullback down to shake some of the buyers.
Nota
It seems Polkadot is making a double triangle pattern, thus a rapid upward move can happen. So, keep an eye on this one.
Nota
So, after DOT broke the harmonic pattern, it went down a little further to cast out the impatient traders. Then, DOT broke the minor downtrend and started an upward wave. It seems DOT is moving in an inverted wedge pattern. Let's see what happens.
Penafian
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Penafian
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.