Polkadot DOT. Maybe it's time to start growing, or not?)
Dot's price was in the "group of leaders" that were the first to break out of the prolonged downward trend.
However, "the winner music didn't last long", after a 2-month rise in the DOTUSDT price with a result of +90%, consolidation has been going on for the 3rd month.
Roughly speaking, there is nowhere to fall below the price of the Polkadot token. The critical level from below is $4.83.
If we model Elliot waves on the current trading situation on the DOTUSD chart, we can assume that wave (2) is close to completion.
The next wave is an upward wave (3), with the most conservative targets for its growth ranging from $10-10.50 to $12.30.
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However, "the winner music didn't last long", after a 2-month rise in the DOTUSDT price with a result of +90%, consolidation has been going on for the 3rd month.
Roughly speaking, there is nowhere to fall below the price of the Polkadot token. The critical level from below is $4.83.
If we model Elliot waves on the current trading situation on the DOTUSD chart, we can assume that wave (2) is close to completion.
The next wave is an upward wave (3), with the most conservative targets for its growth ranging from $10-10.50 to $12.30.
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
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