Polkadot
Long
Updated

DOT Descending Wedge (bullish divergence)

271
DOT is in another sharp descending wedge.

Typically this breaks sharply up, and after the correction DOT has completed, has provided more affordable prices for entry.

Notice the hidden bullish divergence.

Watch for a breakout
Note
snapshot

DOT.D has made it to the lower level of channel. This appears to be near the end of consolidation
Note
snapshot

$45 is showing support. looks like it goes up from here

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.