DOTLong
DOTUSDT
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Polkadot (DOT) - Elliott Wave Subwave Analysis
In Polkadot's short-term analysis, the current price action suggests that the market is forming the 2nd corrective subwave of a larger impulsive wave structure. This subwave is part of the initial stages of an Elliott Wave sequence.
Once this correction concludes, the next phase is anticipated to be the 3rd subwave, which is typically characterized by strong upward momentum within the wave hierarchy. If this scenario plays out, the 3rd subwave could potentially test or break key resistance levels.
Disclaimer: This analysis is purely for educational and informational purposes and should not be considered financial advice. Please conduct your own research or consult a professional before making any trading decisions.
In Polkadot's short-term analysis, the current price action suggests that the market is forming the 2nd corrective subwave of a larger impulsive wave structure. This subwave is part of the initial stages of an Elliott Wave sequence.
Once this correction concludes, the next phase is anticipated to be the 3rd subwave, which is typically characterized by strong upward momentum within the wave hierarchy. If this scenario plays out, the 3rd subwave could potentially test or break key resistance levels.
Disclaimer: This analysis is purely for educational and informational purposes and should not be considered financial advice. Please conduct your own research or consult a professional before making any trading decisions.
Trade active
Seems that orange (2) is nearly completed or one last little dump to start a huge impulsive to the upside :)
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