Greetings everyone, today I am here with a very big surprise for all the $DOT holders or say Polkadot holders and I am not joking it could be a surprise let's have a look. If you are one of those who have bought a Polkadot pretty recently like in the previous months, days, or weeks then this would be more useful for you rather than those who bought at the highs. If you have bought recently then keep reading ahead.

$DOT

Since June 2022, the Polkadot has been forming a falling wedge pattern and now it has been almost half a year for Polkadot to do that finally, we have approached the end of the pattern as it could happen at any point in time. You might be able to see that purple zone on the chart, well that is the target we would be looking forward to in the future if we get a successful breakout and I am completely being honest right now that having a breakout has much more chances than a breakdown at the current time for $DOT and the main cause we could get a further breakdown in Polkadot right now would be Bitcoin because although $DOT is bullish, Bitcoin is not as much as it is and you know all coins follow Bitcoin.

After getting tested at the support level 7 times, and almost 3 times the resistance level we are finally coming to an end to this whole mess. The pump we had in recent days took the Polkadot from the support level to the point of a breakout and it did break that level but what happened?

We Closed Below it.
At the time of writing this post, Polkadot is heading again for a breakout and we can achieve it anytime this won't be like this we will be getting a sudden drastic pump due to this but this will form Bullishness in the price of $DOT at least for the nest few weeks.

What breakdown happens?
We will discuss that if that happens because as of now I feel the $DOT is having very fewer chances for a breakdown either price as chances of breakout or some consolidation but again speaking it is not like a breakdown happening is impossible!

IT IS POSSIBLE. Just my plan after that would share it after it happens for example whether I feel even if it is a valid breakdown or where we could head for a retest and when it could happen with some more analysis everything would be provided once the breakdown successfully happens.

This is it just understand the pattern carefully, now a news that you should know.

November 2: FOMC

There is an FOMC meeting on November 2, 2022, and I would like you all to watch it. Expectations are a 75 BPS hike.

November 10: CPI

or CPI data, the current forecast is 8.1%. Remember these numbers can affect the market a lot for some period so be careful with your positions at those times.

Thank you everyone for going through the post and I hope you must have attained value from it. Again I would like to say that this all is not financial advice but just opinions and thoughts of my mind expressed here therefore if you follow this and have a loss then I won't be responsible for that. Must take thoughts, opinions, and opportunities from here but be very careful and I won't be responsible for that.
SANJAM