We will look at two more Altcoins that are starting to show early bottom/reversal signals, even if it is for just a relief rally.
First one is Polkadot (DOTUSDT), the other is The Sandbox (SANDUSDT).
Let's start with Polkadot.
We can see the rounded bottom in June/July before the upwards correction took place.
Now we are seeing a similar pattern with another bullish signal supporting it.
We have bullish divergence between DOTUSDT and the RSI.
A strong divergence started forming since August.
On the short-term side, we see prices trading above EMA10 and moving pass EMA21.
This happens while aiming at MA200 or $7.275 as potential target.
(A nice 30% potential growth).
We know that Polkadot moves together with Bitcoin... Almost all major Altcoins do.
So it is a positive signal when we see it go green as Bitcoin is correcting short-term.
Additional details on the chart (support & resistance levels).
Namaste.
First one is Polkadot (DOTUSDT), the other is The Sandbox (SANDUSDT).
Let's start with Polkadot.
We can see the rounded bottom in June/July before the upwards correction took place.
Now we are seeing a similar pattern with another bullish signal supporting it.
We have bullish divergence between DOTUSDT and the RSI.
A strong divergence started forming since August.
On the short-term side, we see prices trading above EMA10 and moving pass EMA21.
This happens while aiming at MA200 or $7.275 as potential target.
(A nice 30% potential growth).
We know that Polkadot moves together with Bitcoin... Almost all major Altcoins do.
So it is a positive signal when we see it go green as Bitcoin is correcting short-term.
Additional details on the chart (support & resistance levels).
Namaste.
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🚨 The difference between poor weak signals & PREMIUM trade-numbers lies in results. Stand apart from the crowd. #1 Since 2017. Join now 👉 t.me/lamatrades/4
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click & Claim Your FREE Pizza! 🍕)
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click & Claim Your FREE Pizza! 🍕)
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.