Polkadot (DOT): Potential Cup & Handle Pattern ?

2024년 7월 2일

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

2024년 7월 3일

노트

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!

2024년 7월 4일

노트

Polkadot made a nice 9% market price movement, dropping hard from the handle and breaking the local support zone!