Technical Analysis

PolkaDot Is In A Bigger Recovery As AnticipatedDec 18, 2024

Hello Crypto traders!

Crypto market is in a massive rally and there can be space for more gains, as we see an unfinished five-wave bullish cycle. One of the ALTcoins that shows an ongoing five-wave impulse is PolkaDot with ticker DOTUSD, which is coming nicely higher for wave (C) or (3) after we noticed a complex W-X-Y corrective decline in wave (B)(2) and new lower degree bullish setup formation with subwaves 1 and 2 on November 13.

PolkaDot Is In A Bigger Recovery As Anticipated DOTUSD Daily Chart From November 13
DOTUSD Daily Chart From November 13

As you can see today, DOTUSD is coming impulsively higher as expected and it’s not at March 2024 highs yet, so current slow down should be wave 4 correction before we will see more gains for wave 5.

PolkaDot Is In A Bigger Recovery As Anticipated DOTUSD Daily Chart From December 18
DOTUSD Daily Chart From December 18

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