P_S_trade

Polkadot DOT. Maybe it's time to start growing, or not?)

WHITEBIT:DOTUSDT   Polkadot / Tether US
Dot's price was in the "group of leaders" that were the first to break out of the prolonged downward trend.

However, "the winner music didn't last long", after a 2-month rise in the DOTUSDT price with a result of +90%, consolidation has been going on for the 3rd month.

Roughly speaking, there is nowhere to fall below the price of the Polkadot token. The critical level from below is $4.83.

If we model Elliot waves on the current trading situation on the DOTUSD chart, we can assume that wave (2) is close to completion.
The next wave is an upward wave (3), with the most conservative targets for its growth ranging from $10-10.50 to $12.30.
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more

🎁 -10% on ALL trading fees OKX
www.okx.com/join/10pstrade

🔥V-I-P cutt.ly/PwkLhT56

👍Crypto activities and free💲 cutt.ly/0w9VqL2X

💰Trade here + take Bonuses linktr.ee/ps_trade

🔵Telegram t.me/pstrade_eng

Related Ideas

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.