Very nice looking long entry on Polkadot. Nice looking leading diagonal wave 1.
Good sign of buy support at the 0.618 Fibonacci level, however a leg down further to the 0.786 level is possible - in fact, I think it should be anticipated.
https://s3.tradingview.com/snapshots/z/ZCMPxmsB.png
Next, I expect the bulls to push to retest the highs after this period of accumulation.
Best of Luck!
Good sign of buy support at the 0.618 Fibonacci level, however a leg down further to the 0.786 level is possible - in fact, I think it should be anticipated.
https://s3.tradingview.com/snapshots/z/ZCMPxmsB.png
Next, I expect the bulls to push to retest the highs after this period of accumulation.
Best of Luck!
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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.