Polkadot, Main Channel-Formation, These Are Important Zones!

Hi,

Welcome to this analysis about Polkadot, we are looking at the 2-hour timeframe perspectives. Compared to other cryptocurrencies Polkadot managed to bounce in the structure and show up with these initial bullish moves above previous resistance. Now Polkadot has formed this main ascending-channel-formation marked in my chart with the coherent wave-count within and the waves A and B already formed with the wave C about to develop within the next times when Polkadot moves on with the bounce in the structure confirming the minor wave-count which will approach the upper-resistance in the structure from where a likely pullback will follow up. After that, the actual crucial developments will come with Polkadot either holding the decision zone and building up on it or falling below which will complete the formation as a bear flag.

In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
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Information provided is only educational and should not be used to take action in the market.