. There is a possibility of temporary retracement to the suggested support line (0.00058400). If so, traders can set orders based on Price Action and expect to reach short-term targets.
. FILBTC is in an uptrend, and it is expected to continue.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
On 14th January, I tweeted about how DOT can be easily 2x from the existing place in 30 days. In less than 4 days the crypto has tripled in USDT pair and 80% in BTC pair!
The trading volume shows increasing investor interest
RSI levels are high - retracement to support level is possible
Breakout from long term downtrend
The technical chart reflects on the positive bounce back made by the price levels of Polkadot after touching the critical support area of $7.00 due to a downtrend from the past couple of trading sessions. A positive breakout above the 0.382fib level can surely be a bullish indication for the crypto asset for upcoming market sessions. On the contrary, a negative...