Polkadot is one of my favorite blockchains. first, I have to say sorry for the busy chart but I tried to analyze it completely for you 🙏.
Polkadot Analyze ( DOTUSDT ) Timeframe Daily⏰ (Log Scale)
Location🌊: Polkadot has passed its 5 impulsive waves and now it is running on the corrective structure. if I want to say exactly about the location of Polkadot, it is moving in microwave C of Main wave A. The structure of microwave C of Main wave A can be Ending Expanding Diagonal.
🔅Classic Patterns of Technical Analysis: If I want to analyze Polkadot with Classic Patterns of Technical Analysis, you can see the Head and Shoulder Pattern that Polkadot was able to break its Necking Line and now it is pulling back to Necking Line.
Where is the End of Main wave A ❗️❓
🎯Target 1🎯: 13.2$ unti 12.8$
🎯Target 2🎯: 11.2$ unti 10.2$
🔴Resistance Zones🔴 & 🟢Support Zones🟢 that we have in front of Polkadot.
🔴Resistance zones on Polkadot's way:
🔴Resistance zone: 54$ until 49$ (Resistance + Cluster of Fibs)
🔴Heavy Resistance zone: 42.2$ until 37.8$ (Resistance + Cluster of Fibs)
🔴Resistance zone: 29.6$ until 28.3$ (Resistance + Cluster of Fibs +Yearly Pivot Point)
🔴Heavy Resistance zone: 24.6$ until 23.2$ (Resistance + Cluster of Fibs + Necking Line + SMA50+ Resistance Line)
🟢Support zones on Polkadot's way:
🟢Support zone:17.3$ until 15.6$ (Support + Cluster of Fibs)
🟢Support zone: 13.2$ unti 12.8$ (Support + Cluster of Fibs +🎯Target 1🎯)
🟢Support zone: 11.2$ until 10.2$ (Support + Cluster of Fibs + Head and Shoulder's Target +🎯Target 2🎯)
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 be glad to see your ideas in this post.
Please do not forget the ✅'like'✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe
Polkadot Analyze ( DOTUSDT ) Timeframe Daily⏰ (Log Scale)
Location🌊: Polkadot has passed its 5 impulsive waves and now it is running on the corrective structure. if I want to say exactly about the location of Polkadot, it is moving in microwave C of Main wave A. The structure of microwave C of Main wave A can be Ending Expanding Diagonal.
🔅Classic Patterns of Technical Analysis: If I want to analyze Polkadot with Classic Patterns of Technical Analysis, you can see the Head and Shoulder Pattern that Polkadot was able to break its Necking Line and now it is pulling back to Necking Line.
Where is the End of Main wave A ❗️❓
🎯Target 1🎯: 13.2$ unti 12.8$
🎯Target 2🎯: 11.2$ unti 10.2$
🔴Resistance Zones🔴 & 🟢Support Zones🟢 that we have in front of Polkadot.
🔴Resistance zones on Polkadot's way:
🔴Resistance zone: 54$ until 49$ (Resistance + Cluster of Fibs)
🔴Heavy Resistance zone: 42.2$ until 37.8$ (Resistance + Cluster of Fibs)
🔴Resistance zone: 29.6$ until 28.3$ (Resistance + Cluster of Fibs +Yearly Pivot Point)
🔴Heavy Resistance zone: 24.6$ until 23.2$ (Resistance + Cluster of Fibs + Necking Line + SMA50+ Resistance Line)
🟢Support zones on Polkadot's way:
🟢Support zone:17.3$ until 15.6$ (Support + Cluster of Fibs)
🟢Support zone: 13.2$ unti 12.8$ (Support + Cluster of Fibs +🎯Target 1🎯)
🟢Support zone: 11.2$ until 10.2$ (Support + Cluster of Fibs + Head and Shoulder's Target +🎯Target 2🎯)
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 be glad to see your ideas in this post.
Please do not forget the ✅'like'✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe
Comment:
Polkadot Analyze❗️(Update)❗️
Ending Diagonal's Target was touched✅
Polkadot Analyze❗️(Update)❗️
Ending Diagonal's Target was touched✅
Comment:
Regular Contracting Triangle❗️
Timeframe 15min⏰
Regular Contracting Triangle❗️
Timeframe 15min⏰
Polkadot Analyze❗️
Timeframe 4h⏰