With the appearance of deviations between the Polka-dot price movements on the 4-hour chart and the Stochastic Oscillator indicator and the Descending Broadening Wedge pattern, this gives confirmation that in the near future Polka-dots will experience a minor correction, rallying upwards, although the current bias is still bearish, where at this time Polka-dots will try to break upwards. If the 4.3299 level is successfully penetrated above, Polkadot will have the opportunity to continue the correction rally above it up to the 4.4427 level. However, if on its way to these target levels, Polkadot suddenly reverses towards its original bias, especially if it breaks below the 4.0897 level, then the scenario can be ascertained. the correction to the upward rally that has been described will become invalid and cancel by itself.
Relevance up to 03:00 2022-12-31 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
