Polkadot: Ready to Go Downhill 🎿
We’ve connected the dots for Polkadot and established our forecast: Polkadot develops a new interim low by falling below the support at $25.3272. In our opinion, this confirms further downward movement toward $10.3759 and into the magenta-colored area between $10.8195 and $5.7131, where wave (c) in blue should end. Only after reaching this zone should the price go up for longer periods.
However, there is a 25% chance that the price could rise earlier and, after hitting the support line at $50.5587, ascend further still.
However, there is a 25% chance that the price could rise earlier and, after hitting the support line at $50.5587, ascend further still.
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