Polkadot $DOT can rise 20% to $9? Let's analyze:
1- After a correction that lasted two months, Polkadot (DOT) appears to be on the right track to seek new price tops.
MEDIUM / LONG TERM ANALYSIS
Active in buying context: Performing an accumulative Wyckoff structure after performing five waves closing a wave 1 of higher degree.
The price is already in a good institutional buying region (<span of the previous impulse
Furthermore, it is clear how in this structure demand maintains control. The price remains, most of the time, at the top of the accumulation, coupled with the fact that it has already "broken" the uppermost region (UT) demonstrating a strength in demand.
Market sentiment, on the other hand, ends up being a problem for the resumption of the increase. At this moment $DOT has 4 people in longs, against only 1 in shorts, that is; In this ratio of 4 to 1, the market ends up having difficulty in returning to the rise, as the market always goes against the majority of traders.
Check long/short ratio - https://toplsr.netlify.app/highlsr
Kissesssss😘😘😘
