Polkadot Bearish Bat (Next Target Between 4.85 - 5.55)

➖ The lower high is now in place. It came in 19-Feb.
➖ The current candle has an upper shadow and is currently trading at the session low below EMA10.
➖ Trading volume continues to decline since 9-Dec.
➖ Bearish harmonic pattern.
➖ Polkadot (DOTUSDT), has been moving with a bearish bias for two months.

All these are bearish signals.

➖ Correlation with the rest of the big Altcoins.
➖ Positive correlation with Bitcoin.

The next target can be found between 0.786 and 0.618 Fib. retracement level relative to the previous bullish wave. This is between 4.85 and 5.86.

Thank you for reading.

Prepare for the drop.

Happy Full Moon!

Namaste.