Polkadot will hit a new ATH soon (2D)
Before anything, pay attention to the analysis timeframe: it’s a 2-day timeframe and requires patience.
From the point where we placed the red arrow on the chart, it seems Polkadot's correction has begun.
This correction appears to be a triangle. We are currently in the middle of wave D.
Polkadot, by feeding on the demand orders marked on the chart, can move toward the red box to complete wave D.
After completing waves D and E, it can move toward the historical peak and create a new ATH.
The closure of a daily candle below the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
From the point where we placed the red arrow on the chart, it seems Polkadot's correction has begun.
This correction appears to be a triangle. We are currently in the middle of wave D.
Polkadot, by feeding on the demand orders marked on the chart, can move toward the red box to complete wave D.
After completing waves D and E, it can move toward the historical peak and create a new ATH.
The closure of a daily candle below the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
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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.
🔆To succeed in trading, just enter our Telegram channel:
Free membership: t.me/Behdark_EN
🔷Our Telegram channel has daily spot and futures signals 👉 t.me/Behdark_EN
💎 Exclusive signals are only shared on our Telegram channel
Free membership: t.me/Behdark_EN
🔷Our Telegram channel has daily spot and futures signals 👉 t.me/Behdark_EN
💎 Exclusive signals are only shared on our Telegram channel
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.