Polkadot(DOT): Bearish Scenario We Are Looking For
Polkadot has also made a good downward movement, with prices breaking all FVG zones and also EMAs.
We are now seeking a potential further movement to lower zones here, but only if we see a good breakdown of the current zone (where prices find it hard to hold the zone and sellers are slowly taking over).
Swallow Team
We are now seeking a potential further movement to lower zones here, but only if we see a good breakdown of the current zone (where prices find it hard to hold the zone and sellers are slowly taking over).
Swallow Team
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Polkadot is still pretty steady, with the price moving slightly with downward pressure.
What caught our attention is the red candle train we have had here for the last 4 days. With this kind of steady pressure, if we continue, we will see a nice breakdown of the local support zone.
What caught our attention is the red candle train we have had here for the last 4 days. With this kind of steady pressure, if we continue, we will see a nice breakdown of the local support zone.
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We are seeing that we do not see any support or volume near the current zone (even after the breakdown of EMAs), which shows that DOT has not yet finished it's moves!!