✅The Polkadot(DOT) reacted well to the Resistance lines and started Falling again.
🌊Regarding Elliott wave theory, Polkadot(DOT) seems to be completing Corrective Waves.
🌊The structure of Corrective waves is Zigzag(ABC/5-3-5).
🔔I expect the Polkadot(DOT) to go down to at least the🟢Support zone($6.30-$5.67)🟢and Support lines to complete microwave 5 of the main wave C.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Polkadot(DOT) Analyze (DOTUSDT), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
🌊Regarding Elliott wave theory, Polkadot(DOT) seems to be completing Corrective Waves.
🌊The structure of Corrective waves is Zigzag(ABC/5-3-5).
🔔I expect the Polkadot(DOT) to go down to at least the🟢Support zone($6.30-$5.67)🟢and Support lines to complete microwave 5 of the main wave C.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Polkadot(DOT) Analyze (DOTUSDT), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Trade active:
We can confirm the failure of the Uptrend line, probably DOT will drop to at least $6.
Comment:
The analysis is valid as long as DOT has not broken the resistance lines and touched the price of $7.40.
Comment:
Still valid.
