Polkadot

DOTUSD - Update to Long-Term Channel with Battling Arcs

203
Just keeping my eye on this one.

DOT is almost at the bottom of the channel here. I'm looking for support at $12.66.

These are uncertain times, and it's hard to see how things are going to turn out in 2022. Best to wait to see whether the green arc confirms, or the red arc extends below the channel before making a move.

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.