Technical analysis by TradingShot about Symbol DOT: Buy recommendation (10/2/2024)

Polkadot (DOTUSD) appears to be following since its 2021 High (All Time High), ETC's previous Cycle of 2018 - 2021. As you can see on this 1W chart, the RSI sequences in particular between the two fractals are almost identical.Lower Highs Double Tops leading to the Bear Cycle, then an RSI bottom leading to a price break-out above the 1W MA50 (blue trend-line) and on the 0.5 Fibonacci retracement level (on overbought RSI), finally followed by a new decline (RSI at 40.00), which in ETC's case when broken, led to the Bull Cycle's Parabolic Rally.Right now it appears that DOT is on the 40.00 RSI Low, so naturally if it is indeed replicating Ethereum Classic's previous Cycle, we should see the price starting to rise aggressively towards the 1.5 Fibonacci extension. If that's the case, we can expect a High around $200 by the end of 2025.-------------------------------------------------------------------------------** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **-------------------------------------------------------------------------------💸💸💸💸💸💸👇 👇 👇 👇 👇 👇