Polkadot (Binance: DOTUSDT) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, DOT began a red wave one advance on August 20. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on September 1, and the red wave two (blue sub-waves a-b-c) correction ended on September 5. If this wave count is correct, DOT should be heading next towards the September 1 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Polkadot is a sharded protocol that enables blockchain networks to operate together seamlessly. Coin Bureau reviewed the project last month.
(Sources: https://polkadot.network/)How Will Polkadot Trade?
Polkadot (Binance: DOTUSDT) four-hour chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
Prizes
I will be giving upvotes to the correct answers with minimum reputation of 25.
Rules
This poll will expire in one week. Only one vote per person.
Which one will happen first?
Please select one of the three choices and comment below.
DOT will takeout the September 1 peak
DOT will drop below the August 20 low
DOT will stay in a trading range between the August 20 low and the September 1 peak until October 18