Polkadot reached the support zone on Daily chart and now expected to rebound to retracement (pullback)
level of 61.8% of last leg move down which will be around 950.
T1- 900
T2-950
SL-815
The basic trend is uptrend but in 2 ways it will be firstly downward then upward and in 1 way shows reaction to the oriented trendline then goesup.the level lines are spotted at the chart.
Polkadot on overbought area. The price formed a bearish engulfing pattern. Price made a bearish breakout on 5 min chart. Common take profit level of 1 fib. extension was touched on 1 year chart.
DOT / USD TA
I did this one only because a lot of people asked me to do, but I don't see a 'reasonable' trade with this set up here. I'd wait or just look into a different asset to invest in, not worth the time.
Part V - Perspectives on Market Constructions
Introduction
To enable ourselves to see the markets in a deep and holistic view, we need to know how a market is moving and why. As this is basic economic knowledge,
some things differ slightly, especially in smaller time frames. So, to understand trends and ranges, we need to understand how price is built within a...
