Polkadot: ⬇️ Sell
– Polkadot reversed from the round resistance level 1.000
– Likely to fall to support level 0.8000
Polkadot cryptocurrency recently reversed down from the resistance area between the round resistance level 1.000 (top of wave iv from June), 38.2% Fibonacci correction of the downward impulse from May and the upper daily Bollinger Band.
The downward reversal from this resistance zone created the daily Japanese candlesticks reversal pattern Shooting Star – which stopped earlier ABC correction 2.
Given the overriding daily downtrend, Polkadot currency pair can be expected to fall further to the next support level 0.800.