DOT bounced from the bottom of the ascending triangle and will likely next attempt to reach the fibonacci 0.5 (from ath to recent new low). This follows a tight range of 23-24.2 which formed a support over the last couple of days and today we broke out of this range with a convincing 4H candle and corresponding volume.
Some of the alts already reached that level.
Since crypto hedge funds have DOT in their limited selection of altcoins they speculate with this might be a a sign that the market is picking up and a break and a close above fibonacci 0.5 might lead to a break out of the channel altogether but I'll post about that in a different idea should it be confirmed.
Target: 31.7
Some of the alts already reached that level.
Since crypto hedge funds have DOT in their limited selection of altcoins they speculate with this might be a a sign that the market is picking up and a break and a close above fibonacci 0.5 might lead to a break out of the channel altogether but I'll post about that in a different idea should it be confirmed.
Target: 31.7
Trade closed: stop reached