POLKADOT – ALTCOIN BREAKOUT PUMP

Polkadot gives a similar picture. Here we were able to leave the sideways range yesterday with increasing trading volume. We are now at key resistances and the RSI is in the overbought territory.

Above us is the monthly resistance P, the 200SMA and the 200EMA. Lots of resistance for so little volume. Therefore, it would make more sense for us to dip back into the $19-$20 range one more time.

There we could simultaneously switch former resistance to support and collect new liquidity. Nevertheless, we can speak of a valid, i.e. confirmed, breakout that gives us hope for the next few days.

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