Polkadot is exhibiting clear wave formations which fall in line with the Elliot Wave schematic.
We have the 5 wave impulse which started late 2020 followed by an ABC correction, which we are currently in.
We are currently in the C wave which has 5 subwaves and we're currently on the 5th and last subwave heading towards the completion of the ABC correction, where we also have the 78.6 fibonacci making it a really great level to watch for BUYS.
The next move would be the impulse (wave 3 - often the biggest wave). This is likely to take us beyond ATH, for a gain of atleast 400%!
Trade Idea:
- Watch for the completion of the ABC correction at the $9-$11 level
- Once bullish price action, enter with stops below the lows
- Targets: 50, 63, 80
Goodluck and as always, trade safe!
Give it a thumbs up and let us know what other cryptocurrency you would like us to look at!
We have the 5 wave impulse which started late 2020 followed by an ABC correction, which we are currently in.
We are currently in the C wave which has 5 subwaves and we're currently on the 5th and last subwave heading towards the completion of the ABC correction, where we also have the 78.6 fibonacci making it a really great level to watch for BUYS.
The next move would be the impulse (wave 3 - often the biggest wave). This is likely to take us beyond ATH, for a gain of atleast 400%!
Trade Idea:
- Watch for the completion of the ABC correction at the $9-$11 level
- Once bullish price action, enter with stops below the lows
- Targets: 50, 63, 80
Goodluck and as always, trade safe!
Give it a thumbs up and let us know what other cryptocurrency you would like us to look at!
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