Polkadot | Weekly Timeframe

13 feb 2022

This is the last Altcoin we will look at today.

Polkadot (DOTUSD), weekly (W) timeframe.

We have the same base as the other Altcoins we looked at, namely ETH, ADA & SOL.

That is a bearish candle this week with bearish indicators.
Both the MACD and RSI are trending lower.

The mixed signals here are coming from the ascending trendline of the giant flag drawn.

The rising trend-line can work as support and the uptrend resume... If this support fails we are likely to see lower.

I also looked at the 3 Line Break and Renko charts and they are fully bearish...
We will know soon anyways.

Thank you for reading.

Wishing you a lovely Sunday.

Namaste.