Polkadot - Short Swing Trading Idea - 3 August 2022

3 Ağu 2022

DOTUSD in next three days I expecting the price to take off at least 10% to levels over $8.80. In higher time frames and in 1-2 months period we really can expect a big move to over $11.00 from current levels.

What is the supported thesis technically for the expected scenario on DOT?

- By Elliot waves we are in A-B-C correction and at this moment it's C
- Almost 60% correction and forming of good price action indications
- Test on downside of the channel and once the price enter again in channel will rocket

If you have any questions related to this trading idea I will be happy to provide you with answers.