This chart represents Polkadot (DOT/USDT) on a daily timeframe, showing a falling wedge breakout, a bullish reversal pattern.
This chart represents Polkadot (DOT/USDT) on a daily timeframe, showcasing a falling wedge breakout, which is a bullish reversal pattern. Price recently bounced off the support zone (~$4.80-$5.00) and broke out of the downtrend channel. Falling wedge breakout, indicating a shift to bullish momentum Support Zone at ~$5.00, acting as a strong demand area MACD turning bullish, suggesting momentum is shifting .RSI recovering above 40, indicating potential upside
This chart represents the total market cap of cryptocurrencies, excluding the top 10. The price is currently in a rising wedge pattern 📈, which has been showing a consolidation phase, with lower highs and higher lows. The RSI is at 43.98, indicating the market is approaching neutral territory ⚖️. The MACD shows a potential bullish crossover, suggesting an upward movement 🚀. The market could break out of the wedge, indicating more positive price action in the coming months.
Entry price-0.03699
1st tp- 0.03991
2nd tp-0.04107
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