The Polkadot network is still alive. It is a unique L0 platform. It has zealous believers, talented developers, and it WILL have its turn to take center stage and pump like crazy in a continued bull market scenario / alt season.
That's all we really need to know as far as fundamentals.
Drawing arcs, it's difficult to know exactly what the arc will look like until it's well on it's way up the arc.
So I offer here the two most extreme possibilities for what the completed arc will look like.
The yellow arc has the most touch points, and is also very bullish with a 6x in 6 months.
The black arc has touch points near the bottom, and stretches the ascension to the previous ATH another year.
That gives us the possible dates for a new ATH between autumn of 2024 and autumn of 2025. I think a long and volatile bull market lasting deep into 2025 is indeed the most likely macro scenario.
It also gives us how to invalidate - if the black arc breaks down, it will be a long time (or never) before we see DOT valued the way it was in the 2021 peak.
Holding DOT yields staking rewards and I believe it is a good bet to get some adoption. I'm bullish on this and am adding to my stack.
Good Luck.
That's all we really need to know as far as fundamentals.
Drawing arcs, it's difficult to know exactly what the arc will look like until it's well on it's way up the arc.
So I offer here the two most extreme possibilities for what the completed arc will look like.
The yellow arc has the most touch points, and is also very bullish with a 6x in 6 months.
The black arc has touch points near the bottom, and stretches the ascension to the previous ATH another year.
That gives us the possible dates for a new ATH between autumn of 2024 and autumn of 2025. I think a long and volatile bull market lasting deep into 2025 is indeed the most likely macro scenario.
It also gives us how to invalidate - if the black arc breaks down, it will be a long time (or never) before we see DOT valued the way it was in the 2021 peak.
Holding DOT yields staking rewards and I believe it is a good bet to get some adoption. I'm bullish on this and am adding to my stack.
Good Luck.
Note
DOT is hanging out just next to the black arc wall now. I'm watching for a bounce to confirm the black arc, or a breakdown to invalidate it, and sadly, change my expectations for DOT price to dwindle down forever into irrelevance.
Trade active
DOT bounced exactly on the black arc wall and is holding inside the arc despite BTC puking.It's a good time to ADD LONG with stop losses in place in case the market dumps even harder in the days to come.
This is a medium-risk, extremely high reward place to GO LONG POLKADOT
Trade closed: stop reached
The arc broke. DOT may come back one day, but for now there are projects with better risk reward and better upside if the bull market happens. I'm out. 
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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.