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Polkadot, Avalanche, Bitcoin Cash Price Analysis: 17 December
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As the bears deny any bullish retrieval attempt, Polkadot dipped below its multi-month resistance level and poked its five-month low on 15 December. Further, Bitcoin Cash formed a reversal pattern as it continued its slump.
Avalanche displayed a solid recovery over the past few days but formed a reversal pattern too on its 4-hour chart.
TradingView, DOT/USDT
DOT witnessed a bearish flag breakout on 11 December and moved between the parallel lines heading south (green). This fall was the third major pullback since striking its ATH, which pushed the price below the 15-week resistance at the $26.12-mark.
Now, the immediate level for the bears to test existed at the $24.3 mark before any further trend commitments. The alt has aggressively declined
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