POLKADOT [$DOT] EWP TC FIB ANALYSIS WEEKLY TFDOT / US DollarBINANCE:DOTUSDAnakynPolkadot (DOT) – Expanded Flat (3-3-5) Near Completion? DOT has been unfolding a textbook Elliott Wave expanded flat since its 2021 peak. The initial bull market completed with a clear five-wave impulse from $1.45 to $49.82. The marginal new high at $55.18 is not counted as part of that impulse. Instead, it represents Wave B of an expanded flat correction. The structure is as follows: * Wave A: $49.82 → $10.38 (3 swings) * Wave B: $10.38 → $55.18 (3 swings) * Wave C: $55.18 → 5-wave impulse targeting 63¢ This forms a classic 3-3-5 expanded flat, one of EWP’s most common corrective patterns. Wave C has respected the long-term descending channel remarkably well and is approaching a strong confluence of support: the lower channel boundary, Fibonacci extensions, and historical price levels all converge around the current region. If this count is correct, DOT is in the final stages of completing a multi-year corrective structure rather than beginning a new bear market. Confirmation, however, will only come with a clear five-wave advance from the low. Until an impulsive reversal develops, further downside cannot be ruled out. A completed expanded flat would imply that the correction of the entire advance from $1.45 has ended, opening the door to a new impulsive cycle with the potential to eventually exceed the previous all-time high. As always, this is an Elliott Wave interpretation, not a prediction. Alternative counts remain valid until the market confirms one scenario over the others. Like and follow for more charts like this.