A lot of selling has been going on, but by trend, should go up, and then retest before breaking trend. We should be looking bullish really before end of February. Lets go
The dip was imminent but ADA has tried retaining the support rectangle and I'm expecting a bullish movement to mid February to march. A potential, and I think you should long.
Made this analysis some time last week predicting the dip, with this head an shoulder movement and It has followed the analysis. Still yet to reach second zone, Retest and then bear.
From the analysis, Polkadot has taken a "Head and Shoulder" position over the last months. And this pattern tends to be bearish most of the time, so this might be a short call, But keep in mind that around this season when it's expected to be bearish, I foresee a bull run generally that might up turn this analysis.
From what observed and analysed, we are on the lower support region, I don't expect it to move lower than the the lower support rectangle position that is shaded. This "might be the first half to a "double top" pattern.
This analysis is subject to change.
Alright, so by the current trend of the market for Fantom, Shorting it would seem most ideal because i envisage a double top candlestick pattern soon to hit the major support area that's shaded.
