little update from last post. pdex is seeing some great volume on the daily showing this breakout is strong, we have some heavy resistance to get through but not much further before we are in price discovery again. i expect to probably consolidate a bit and maybe once pdex gets a parachain slot we could see new all time highs. like always just an idea.
after a lot of fake outs and consolidation is this the real break out? we currently are running into resistance, we will probably see a bullflag pattern form or a retest of the massive resistance we saw around $21. but with parachains weeks away i think this is the break out we were waiting for. but lets see if we can get the daily candle to close above $21
PDEX finding strong support on 0.5 Fib (16.5 Dollar). Accumalating and looking for break upwards. - more agressive: 18.00 (Inv H&S) or - more safe: testing the 0.5 Fib again before breaking upwards. T1 : 22 Dollar T2: 25,4 Dollar
The opportunity of storage PDEX The entry point is 19.2 -18.2 $ First target 23$ second target 26 $ third target 35$ Forth target 39$ Fifth target 48$
pdex broke down out of triangle, but the news of parachains pumped it back into pattern. now we wait and see what happens. next.
i got rid of the old pattern, this one seems to be making more sense. very good buying opportunities right now. still expect some pull back from the market but a lot of times pdex will pump. i think dot and the whole eco system will pump like crazy the next few months. very under valued.
Given BTC does not take a huge dump. I can see price retesting these highs tomorrow on main net launch. At the very least we see these highs imo.
the white line is major support. if we break this support we could see $13-$15. but as you can see if we have major resistance at the box. and the vpvr confirms that as well. if we can break resistance with volume i think we will pump good cause its also the neckline for a double bottom. ill sell my position if we break support and get a better entry. good luck!
little update on pdex is still consolidating been long and boring. we currently bounced off support. this would be a great place to buy. or wait to buy if we break out with volume. whatever your style is. im hoping this long consolidation pays off with a nice move to upside.
pdex is still consolidating had a couple good moves to upside but came back down. we have good momentum and trigger wave on the daily chart. i expect a good break and potential $30+ in the next week or 2. as long as btc doesn't completely dump. patience will pay off with this project.
PDEX has just conquered the 20$ zone and is heading to 24$, 28$ and 36$ zones in October. But the 20$ zone is sill not stable so we need to back up a buy order at 18$ or 16$ to DCA (Double Cost Average) 📈RED PLAN ♻️Condition : If 1-Day closes ABOVE 20$ zone 🔴Buy : 20$ 🔴Sell : 24$ - 28$ - 36$ 📉BLUE PLAN ♻️Condition : If 1-Day closes BELOW 20$ zone 🔵Buy :...
looks like we could make the case for a inverse h/s here. $44 price target. we'll see if btc can start breaking to the upside finally.
we currently are seeing the backtest flipping resistance to support after the bearish divergence played out on the 1 hour. if btc doesn't dump we should see a trend back to the upside.
as expected pdex held and is breaking out with decent volume. once we can break $25 we should see $30 there is very little resistance above us after that. then price discovery. (as long as btc doesn't dump)
The large Cup and Handle on the Daily, and the hype around a Mainnet launch are bullish signs!
with polkadex mainnet launch in a week and very little resistance to go through i expect to test all time highs soon. (if btc can behave) larsson line is still bullish.
Most will fomo on this. Biggest DEX about to come into play. Mainnet this month and much more coming. Dont miss this train ya'll. triple digits next target. Mid-long term: well over $1000 due to low supply. Will knock out $CAKE, $UNI and more. Few few few.