Polkadot (DOT): Head & Shoulders Pattern Has Been Detected

11 giu 2024

After a nice rejection from EMAs, Polkadot has been seeing good pressure from sellers where we are now at the neckline zone, looking to break it.

If all plays out nicely, you should see a nice downward movement to the lower zone.

Swallow Team

12 giu 2024

Nota

Polkadot has stayed rather in the same spot where we have not had any significant movements yet.

Price is still near the neckline zone, where it made multiple small attempts to break. Meanwhile, they were mostly supressed; we did not see any attempts at breakouts from the local zone so we keep an eye on this neckline zone for any further breaks with confidence.

18 giu 2024

Nota

Since last time, the price has nicely broken that neckline zone, which started the bearish movement towards that lower target zone!

So far, the price has moved 15% and still has room to fall!

The price seems to be secured down below neckline so get ready!