Watching for evidences wave 2 ended 5.73 and now we start to build the wave 3.
What we want to see before taking action is an impulse to the upside that clears 9.09 and 10.06 levels that will be the wave ((1)) of 3.
- Polkadot is strong on the daily timeframe , as we can see.
- The price broke out of the bullish falling wedge and now is unstoppable!
- On the daily time scale, we can spot a huge blue parallel channel , which acts like a support and resistance .
- Target top of the chanel or 1:1 fib extension on the daily chart .
- For expected duration of the trade,...
I wrote in my previous post that Ethereum is possibly consolidating inside a triangle. The pattern seems to be more obvious with PolkaDot. There is limited downside potential in the short-term before another potential rally.
