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 ๐.
Polkadot Analyze ( DOTUSDT ) Timeframe Dailyโฐ (Log Scale)
Location๐: 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.
๐ 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 โ๏ธโ
๐ฏTarget 1๐ฏ: 13.2$ unti 12.8$
๐ฏTarget 2๐ฏ: 11.2$ unti 10.2$
๐ดResistance Zones๐ด & ๐ขSupport Zones๐ข that we have in front of Polkadot.
๐ดResistance zones on Polkadot's way:
๐ดResistance zone: 54$ until 49$ (Resistance + Cluster of Fibs)
๐ดHeavy Resistance zone: 42.2$ until 37.8$ (Resistance + Cluster of Fibs)
๐ดResistance zone: 29.6$ until 28.3$ (Resistance + Cluster of Fibs +Yearly Pivot Point)
๐ดHeavy Resistance zone: 24.6$ until 23.2$ (Resistance + Cluster of Fibs + Necking Line + SMA50+ Resistance Line)
๐ขSupport zones on Polkadot's way:
๐ขSupport zone:17.3$ until 15.6$ (Support + Cluster of Fibs)
๐ขSupport zone: 13.2$ unti 12.8$ (Support + Cluster of Fibs +๐ฏTarget 1๐ฏ)
๐ขSupport zone: 11.2$ until 10.2$ (Support + Cluster of Fibs + Head and Shoulder's Target +๐ฏTarget 2๐ฏ)
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 โ 'like'โ button ๐๐ & Share it with your friends, Thanks, and Trade safe
Polkadot Analyze ( DOTUSDT ) Timeframe Dailyโฐ (Log Scale)
Location๐: 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.
๐ 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 โ๏ธโ
๐ฏTarget 1๐ฏ: 13.2$ unti 12.8$
๐ฏTarget 2๐ฏ: 11.2$ unti 10.2$
๐ดResistance Zones๐ด & ๐ขSupport Zones๐ข that we have in front of Polkadot.
๐ดResistance zones on Polkadot's way:
๐ดResistance zone: 54$ until 49$ (Resistance + Cluster of Fibs)
๐ดHeavy Resistance zone: 42.2$ until 37.8$ (Resistance + Cluster of Fibs)
๐ดResistance zone: 29.6$ until 28.3$ (Resistance + Cluster of Fibs +Yearly Pivot Point)
๐ดHeavy Resistance zone: 24.6$ until 23.2$ (Resistance + Cluster of Fibs + Necking Line + SMA50+ Resistance Line)
๐ขSupport zones on Polkadot's way:
๐ขSupport zone:17.3$ until 15.6$ (Support + Cluster of Fibs)
๐ขSupport zone: 13.2$ unti 12.8$ (Support + Cluster of Fibs +๐ฏTarget 1๐ฏ)
๐ขSupport zone: 11.2$ until 10.2$ (Support + Cluster of Fibs + Head and Shoulder's Target +๐ฏTarget 2๐ฏ)
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 โ 'like'โ button ๐๐ & Share it with your friends, Thanks, and Trade safe
ืืขืจื:
Polkadot Analyzeโ๏ธ(Update)โ๏ธ
Ending Diagonal's Target was touchedโ
Polkadot Analyzeโ๏ธ(Update)โ๏ธ
Ending Diagonal's Target was touchedโ
ืืขืจื:
Regular Contracting Triangleโ๏ธ
Timeframe 15minโฐ
Regular Contracting Triangleโ๏ธ
Timeframe 15minโฐ
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๐Please follow us on Telegram for more analysis.๐ t.me/ProTrader_365
๐if you want to learn Technical Analysis = Please Contact me๐ t.me/Ad_ProTrader365
Polkadot Analyzeโ๏ธ
Timeframe 4hโฐ