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Polkadot (DOTUSDT) bullish inverse head and shoulders!

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DOT / TetherUS (BINANCE:DOTUSDT)  
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BINANCE:DOTUSDT   DOT / TetherUS
Trend Analysis Chart Patterns Technical Indicators polkadot polkadotlong DOTUSDT DOTUSD dotusdtlong polkadotusd polkadotusdt cryptocurrencies altcoins
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trendanalysis chartpattern indicator polkadot polkadotlong dotusdt dotusd dotusdtlong polkadotusd polkadotusdt cryptocurrencies altcoins
DOTUSDT is testing the neckline of the inverse head and shoulders pattern at $22. Bitcoin has already broken out of the inverse head and shoulders , so lets see if Polkadot can follow. A break above $22 with good volume could be a good place for a long. That said, right now there is the 200MAs serving as resistance, so price needs to break through that; failure to do so could send prices lower and invalidate the inverse head and shoulders bottom breakout setup.

As always, I’m not a financial advisor, do your own research, and stay safe!

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