Polkadot (DOT) is moving towards the $ 41.35 resistance area as it follows an ascending parabolic support line.
Ankr (ANKR) has broken out of a long-term parallel descending channel.
Kusama (KSM) broke a descending resistance line.
DOT has risen along with a parabolic ascending support line since July 20. On August 21, it broke away from the $ 29 resistance area and fell.
However, it resumed its bullish move on August 30, bouncing off the superstrend support line and a possible parabolic bullish support line.
While the line has only been touched twice, the rate of increase of the bounce increases its validity. Furthermore, both the MACD and the RSI are rising, even if the latter is overbought.
closest resistance area is at $ 41.35. This is both a horizontal resistance area and the 0.786 Fibonacci Retracement Resistance Level.
A move above this line would take the DOT to a new all-time high.
- DOT follows a parabolic ascending support line.
- re is support and resistance at $ 29 and $ 41.35.
ANKR has been following a descending resistance line since March 28, when the token hit an all-time high of $ 0.216. After declining for a long time, ANKR managed to leave on August 14.
bullish move continued after the RSI generated significant hidden bullish divergence (yellow). Subsequently, the resulting bullish movement also broke the descending resistance line on the RSI (blue).
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next closest resistance area is $ 0.153. This is both a horizontal resistance area and the 0.618 Fibonacci Retracement Resistance Level (white).
- ANKR exited a parallel descending channel.
- re is resistance at $ 0.153.
KSM has been following a descending resistance line since May 18, when it traded at its all-time high of $ 625.
It erupted on August 19 and again validated the line as resistance on August 27 (green icon). Since then it has moved upwards.
It is currently attempting to break out of the 0.618 Fibonacci retracement resistance level at $ 440. This would likely take it to the all-time high resistance area of $ 600. However, unlike the DOT, the rally is not yet parabolic. . .
Technical indicators on the daily time horizon support the continuation of the upward movement. Both the RSI and MACD are rising and the superstrend is bullish.
- KSM broke a descending resistance line.
- re is resistance at $ 440.
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