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Polkadotusdc

POLKADOT Trade Idea (DOT)PolkaDot (DOT) has rallied on the 1D time frame and we can see a choch break above a previous balance area high. Price is currently testing a key resistance level. We are considering a buy opportunity if price retraces into the 50-61.8% Fibonacci zone. This analysis is solely for educational purposes and should not be considered financial advice.
Long
by fxtraderanthony
Jan 30, 2024
Polkadot Macro AnalysisDOT is currently ending a zigzag correction (5-3-5), I think we are about to finish wave C of a larger ABC correction. It might consolidate around the 10$ to 15$ levels for a while before making a decisive impulse to the upside. When DOT breaks the steeper red downtrend line it might signal that the correction is over and it will mark the beginning of the new accumulation zone that will start a larger trend reversal. I'm expecting a new all time high of between 80$ to 130$ in a 6 to 10 month timeframe. Not financial advice.
K
by Stricken
Jul 15, 2021

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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