Polkadot has broken out of 200EMA and is now looking to break from the final resistance zone.
As we see a new 4-hour candle struggling to break local zones, we are now looking for some kind of rejection. We have 2 scenarios: either we form a cup-and-handle pattern or we will see a rejection from current zones, which would be the start of good downward movement breaking all lower zones!
Swallow Team
As we see a new 4-hour candle struggling to break local zones, we are now looking for some kind of rejection. We have 2 scenarios: either we form a cup-and-handle pattern or we will see a rejection from current zones, which would be the start of good downward movement breaking all lower zones!
Swallow Team
Note
Polkaot is back at 200EMA, testing the zone for a potential breakdown from there. We are keeping an eye on that 200 EMA line there and as soon as we break it, we will be looking for a potential short position!
Note
Polkadot made a nice 9% market price movement, dropping hard from the handle and breaking the local support zone!
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Keep an eye on us and you will not regret it. 😉
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🚨 Authentic Traders
⚡️ Short-Term + Mid-Term Trades
Keep an eye on us and you will not regret it. 😉
Telegram: t.me/+fiEDSn7M9pJkODA0
⚡️ Short-Term + Mid-Term Trades
Keep an eye on us and you will not regret it. 😉
Telegram: t.me/+fiEDSn7M9pJkODA0
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.