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Polkadot (DOT) Cryptocurrency Price Prediction, Forecast, and Technical Analysis - Oct 4th, 2021


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Profit was taken on both short ideas from Sept 24th, and Sept 27th. Bull trap likely on Polkadot's current chart with massive hidden bearish divergence and strong bearish continuation moves ahead. It could convert back to a bull, but other cryptocurrencies have a much easier and clearer path than Polkadot, so the sell-side is still the favorable one. A new short idea was identified.

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Trade-Ideas

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($0.50/3-box P&F Chart) - Oct 5th

Sell Stop @ $31.00

Stop Loss @ $33.00

Profit Target @ $25.00

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Dollar-Cost Average

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Buy Limit @ $1.22

Buy Limit @ $0.81

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