motleifaul
@t_motleifaul
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motleifaul
The fear is big and we have reaxhed a supporting MA now.Trying to stem against the fear.
motleifaul
By Fibonacci rules we have corrected almost 68 % of the rise since November 14th already.If we can imagine a rise of the ADX from here we may assume that this rise can restart from here.I am sorry to be late with publishing this profit taking. It was the Advent Sunday and I was online only for a short time just to close this deal. Next time earlier. I will try hard.
motleifaul
It may be a beginning declining rend now. We have seen a lower top on Friday and falling daily highs since.To confirm this we have to fall below the Tuesday low now. The krypto mood is a bit weak now, so that a test of this Tuesday low is likely at least.
motleifaul
The current uptrend has been retraced by over 25%. I see it as a possibility to buy back into the trend. Perhaps the coin will fall back until the March high. But the trend will be still valid then.
motleifaul
Finally we fell below the trading range entered on November 21st.A good chance for a moderate correcrtion at least.
motleifaul
A second star is building. I had been stopped out yesterday. Seems that the S/L had been to tight. Nevertheless, I still think that a correction is due.
motleifaul
The trend is almost 3 weeks old now and seems to get out of steam now, i.e. there may be downward correction now.
motleifaul
Finally we exceeded the 3 times tested top since Nov. 17th. I consider the corrective phase as finished. A further rise is likely now as the rising trend is still valid.I am not yet convinced about the current potential of the rise. So better not to risk at moment.
motleifaul
Polkadot has been rising very fast. The uptrend has been confirmed and is valid. But I expect a correction of this week's rise at least. Since yesterday buying has declined. And if at all then the time for a correction is now.
motleifaul
The downward correction seems to be on the way now. The current downward cndle is engulfing the previous rising one which indicates a further drop.However the month is not completed yet and things may still change. I am going short cauciousely.
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