DOT/BTC - Polkadot: Elliott_Wave_12345

◳◱ Hey traders, we've identified an Elliott Wave 12345 pattern on the DOT / BTC chart. This pattern is a bullish indication and could indicate a potential trend reversal. The next resistance key levels are at 0.0001387 | 0.0001453 | 0.0001588 and the major support zones are respectively at 0.0001252 | 0.0001183 | 0.0001048. We may consider buying at the end of wave 5 at the current price level at 0.000123.

◰◲ General info:
▣ Name: Polkadot
▣ Rank: 16
▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Mexc, Bittrex
▣ Category/Sector: Infrastructure - Smart Contract Platforms
▣ Overview: Polkadot is a blockchain network designed to support various interconnected, application-specific sub-chains called parachains (short for parallelized chains). Each chain built within Polkadot uses Parity Technologies' Substrate modular framework, which allows developers to select specific components that suit their application-specific chain best. Polkadot refers to the entire ecosystem of parachains that plug into a single base platform known as the Relay Chain. This base platform, which also leverages Substrate, does not support application functionality but instead provides security to the network's parachains and contains Polkadot's consensus, finality, and voting logic.

◰◲ Technical Metrics:
▣ Mrkt Price: 0.000123 ₿
▣ 24HVol: 30.472 ₿
▣ 24H Chng: 1.653%
▣ 7-Days Chng: 8.05%
▣ 1-Month Chng: 3.68%
▣ 3-Months Chng: -18.54%

◲◰ Pivot Points - Levels:
◥ Resistance: 0.0001387 | 0.0001453 | 0.0001588
◢ Support: 0.0001252 | 0.0001183 | 0.0001048

◱◳ Indicators recommendation:
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_SELL

◰◲ Technical Indicators Summary: SELL

◲◰ Sharpe Ratios:
▣ Last 30D: -20.72
▣ Last 90D: -21.56
▣ Last 1-Y: -17.79
▣ Last 3-Y: -16.90
◲◰ Volatility:
▣ Last 30D: 0.30
▣ Last 90D: 0.31
▣ Last 1-Y: 0.50
▣ Last 3-Y: 0.87

◳◰ Market Sentiment Index:
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.63 - Bullish
▣ Reddit sentiment score is 0.65 - Bullish

▣ In-depth DOTBTC technical analysis on Tradingview TA page

▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!

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