On Feb. 25th, 
DOTUSD printed an impressive Bullish Candle creating a new High @ $1.752. This rally accompanied by strong Volume suggests that price may be looking to continue higher!
Since the High on Feb. 25th, price has been falling but after closer examination, the descent in price may have a particular area its looking for Support from.
Using the Fibonacci Retracement tool from the Low @ $1.103 to the new High @ $1.752, we can see that price has found its way to the Previous Highs where the 50% Retracement level of $1.428 sits and price is currently at!
CurrentlyDOTUSD is trading @ $1.437 of publishing and if price can continue to find Support, we can expect it will only be up from here!
The next area price will be looking to go will be the overhead Resistance Zone around $2.30 - $2.34.
Friday, March 6th, 21Shares launched the first Polkadot ETF
-tradingview.com/news/the_block:414d91c26094b:0-first-spot-polkadot-etf-launches-in-us-issued-by-21shares/
March 12th there's a major "economic upgrade" which includes:
$2.1 Billion DOT supply cap
53.6% reduction in emissions
Reduction of Unbonding Period from 28 days to 24-48 hours
New Governance and staking mechanisms
-tradingview.com/news/coindar:f213a26e1094b:0-polkadot-to-begin-economic-upgrade-rollout-on-march-12/
DOTUSD printed an impressive Bullish Candle creating a new High @ $1.752. This rally accompanied by strong Volume suggests that price may be looking to continue higher!Since the High on Feb. 25th, price has been falling but after closer examination, the descent in price may have a particular area its looking for Support from.
Using the Fibonacci Retracement tool from the Low @ $1.103 to the new High @ $1.752, we can see that price has found its way to the Previous Highs where the 50% Retracement level of $1.428 sits and price is currently at!
Currently
DOTUSD is trading @ $1.437 of publishing and if price can continue to find Support, we can expect it will only be up from here!The next area price will be looking to go will be the overhead Resistance Zone around $2.30 - $2.34.
Friday, March 6th, 21Shares launched the first Polkadot ETF
-tradingview.com/news/the_block:414d91c26094b:0-first-spot-polkadot-etf-launches-in-us-issued-by-21shares/
March 12th there's a major "economic upgrade" which includes:
$2.1 Billion DOT supply cap
53.6% reduction in emissions
Reduction of Unbonding Period from 28 days to 24-48 hours
New Governance and staking mechanisms
-tradingview.com/news/coindar:f213a26e1094b:0-polkadot-to-begin-economic-upgrade-rollout-on-march-12/
تم فتح الصفقة
For All Things Currency,
Keep It Current,
With Novi Fibonacci!
~~~~
Join me in Patterns To Profits on Discord
- Live pattern breakdowns
- No signal selling / - No Guru Hype
- Just structure and probability
- discord.gg/zKWvwJgFq
Keep It Current,
With Novi Fibonacci!
~~~~
Join me in Patterns To Profits on Discord
- Live pattern breakdowns
- No signal selling / - No Guru Hype
- Just structure and probability
- discord.gg/zKWvwJgFq
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
For All Things Currency,
Keep It Current,
With Novi Fibonacci!
~~~~
Join me in Patterns To Profits on Discord
- Live pattern breakdowns
- No signal selling / - No Guru Hype
- Just structure and probability
- discord.gg/zKWvwJgFq
Keep It Current,
With Novi Fibonacci!
~~~~
Join me in Patterns To Profits on Discord
- Live pattern breakdowns
- No signal selling / - No Guru Hype
- Just structure and probability
- discord.gg/zKWvwJgFq
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.