Given Polkadot’s recent sharp rebound toward resistance at $3.66, we consider it 35% likely that magenta wave alt.[ii] has already bottomed at $3.02. This would be confirmed by a meaningful breakout above said $3.66 level. Our primary scenario, however, still calls for lower lows as part of wave [ii] – with a break below the same $3.02 support.
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📊 Free daily market insights combining macro + Elliott Wave analysis
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Related publications
Disclaimer
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