Polkadot is currently tightening between the ranges of $40 & 30$ psychological, we have 3 significant highs at the top of the Equilibrium range, and 2 at the bottom, while the second one is coming in around $31-32, and another 3rd touch currently in the making.
=> A break in either direction could see huge follow-through. So if you're actively trading, you can take advantage no matter which side we break towards.
In case of a bull break out, we're at least looking towards $50 psychological. In case of a bear breakout, we could be testing the previous zone of the bull flag at $20.
We're still in a bullish uptrend in general. But as always, correlation to Bitcoin will be decisive.
Our previous bull break out that we had analyzed followed through with more than 100% profit.
=> A break in either direction could see huge follow-through. So if you're actively trading, you can take advantage no matter which side we break towards.
In case of a bull break out, we're at least looking towards $50 psychological. In case of a bear breakout, we could be testing the previous zone of the bull flag at $20.
We're still in a bullish uptrend in general. But as always, correlation to Bitcoin will be decisive.
Our previous bull break out that we had analyzed followed through with more than 100% profit.
