POLKADOT-Can a good news save an asset?
Hello everyone
Due to the bad news from wallsreet and Nasdaq, a big red bar appeared on every chart, on daily of coarse.It's not the first time we had more than 10% fall in crypto market.
On daily chart of DOTUSDT, there's a double bottom pattern forming, which can take the price to our resistance level of 15.5$ and maybe break out of our bear trend line; As for our support, price levels of 14.5$ and 14$ are in place , plus a weekly trend line which held on good in the past couple of days.
We may get a doji bar for today,because of the news and fear, so just don't expect that much from the market today.
I will be glad to hear some feedback and questions.
Due to the bad news from wallsreet and Nasdaq, a big red bar appeared on every chart, on daily of coarse.It's not the first time we had more than 10% fall in crypto market.
On daily chart of DOTUSDT, there's a double bottom pattern forming, which can take the price to our resistance level of 15.5$ and maybe break out of our bear trend line; As for our support, price levels of 14.5$ and 14$ are in place , plus a weekly trend line which held on good in the past couple of days.
We may get a doji bar for today,because of the news and fear, so just don't expect that much from the market today.
I will be glad to hear some feedback and questions.
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