DOT/USDT looks very bullish on the daily timeframe as it looks to breakout from a 3 month long consolidation zone spanning all the way back to February.
My targets for taking profits are highlighted on the chart and are situated at the following respective fib levels:
TP 1 at the 1.618 fib ($61)
TP 2 at the 2.618 fib ($82)
TP 3 at our final target just below...
As you can see, DOT has ascending triangle in 2 hours graphic. DOT at the top point of the triangle for now. I'm waiting, DOT will touch bottom line and then break the triangle to up. Also, other indicators are supporting my expectation. Should not be forgetten of BTC's moving when we tracking altcoins' moving. Don't forget make profit realization nowadays.
No double fake-out thesis playing again well
Mega day yesterday which wasn't completely expected
Eth money will likely rotate here also so that will help fuel it higher
I can't see there being too many dips in this unless BTC dies of death as it looks v solid
Just backtested 4H support and pushing through 4H resistance