Polkadot (DOT): Potential Cup & Handle Pattern ?

2024年7月2日

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

2024年7月3日

註釋

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!

2024年7月4日

註釋

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