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...
8h, LONG TERM - Polkadot has formed a monthly demand zone, following the behaviour of Altcoins with a good future projection regardless of Bitcoin.
If BTC market dominance continues to fall and Altcoins continue on their way, cryptocurrencies with inter-network transfer technology and multilayer could continue their bullish rally, since they would be necessary...