Time to step in.. Polkadot/USDT

2021年7月22日

Hi Folks,

I always say when you take a position in a trade and you know why you took that position than it is a good trade. Even if it works out the other way.
That is always a probability..

On the daily chart Polkadot/USDT is very bullish.... The Bullish Engulfing pattern has been confirmed strongly in a low price area..
The RSI is around 40/42.. and the price is moving on the downside of the Bollinger Bands.

These 3 indicators and price action confirms it is time to get in at the trade as I did at $13.18.-
Target price is at $17.00.-/$17.50.-

1st support is at the half of the Engulfing pattern (Steve Nison Techniques)
2nd support at the low of the Engulfing pattern
3rd support also critical support is at the end of the shadow of the black candle

Happy trade.. and remember even if the technicals are all pointing your way it still can go the other way. That's trading..