Following on from our last post on Polkadot, we are now running gains of over 25% from our sell zone.
We are still in wave C, which is a 5 wave formation. In our last post we identified the completion zone for subwave 4 of Wave C and now we are seeing the 5th and final subwave of wave C. We are looking for Polkadot to move lower to around the 10-11 level where we will be looking for bullish reversal signs.
There's a potential 400% that can be made from the next bull run just on Polkadot alone, which is why we're constantly updating this clean setup!
Trade Idea:
- Hold shorts at breakeven until we reach 14.50 for first targets and 11 for second targets
- Watch for bullish price action on lower timeframe
We will update Polkadot once we reach our buy zone so we can all get in on the next bullrun 💪🏼
Goodluck and as always, trade safe!
See below for our previous Polkadot analysis:
We are still in wave C, which is a 5 wave formation. In our last post we identified the completion zone for subwave 4 of Wave C and now we are seeing the 5th and final subwave of wave C. We are looking for Polkadot to move lower to around the 10-11 level where we will be looking for bullish reversal signs.
There's a potential 400% that can be made from the next bull run just on Polkadot alone, which is why we're constantly updating this clean setup!
Trade Idea:
- Hold shorts at breakeven until we reach 14.50 for first targets and 11 for second targets
- Watch for bullish price action on lower timeframe
We will update Polkadot once we reach our buy zone so we can all get in on the next bullrun 💪🏼
Goodluck and as always, trade safe!
See below for our previous Polkadot analysis:
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