Polkadot, Decisive Channel-Formation As Potential Bear-Flag!

Hi,

Welcome to this analysis about Polkadot, we are looking at the 2-hour timeframe perspectives. Polkadot since the bearish breakdowns has somewhat managed to increase initially recover in the structure however there are still strong resistances lying beside that Polkadot has formed this ascending-channel-formation with the coherent wave-count within and the waves A and B already formed. Now when Polkadot continues with the wave C within the next times this will lead directly into the remaining upper resistance-cluster from where a pullback is highly likely and when this pullback closes below the lower boundary of the channel it will be the confirmation of the channel-formation as a bear-flag with the further continuations to the downside, therefore the bearish perspectives should not be kept by side here and it is necessary to be prepared on such possible changes in direction as they can happen more swiftly than expected.

In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
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