I believe this is a fundamentally strong project that will do very well. That being said, the chart had been printing a descending triangle since it made its impulse move post-listing. A clear Horizontal support line has formed with lower highs ever since the top of the impulse move. A breakdown of the horizontal support line should send the price down to a target around 0.00025 btc where I will long Polkadot, assuming volume and bullish divergence is printing at these levels. A break of the falling resistance line with volume will invalidate this setup and I will take an entry at a retest of the falling resistance line.
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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.