Hi all,
I saw a few people in the chat mention DOT as a candidate for a huge run and taking a look at it myself, I believe that's close to coming to fruition. What I see is a weekly W pattern with midline bullish RSI trend, positive 14/47 (my equivalent of 20/50) EMAs, equally bullish USD and BTC pairs. I'm 60% in and I am absolutely confident that this will run even if BTC doesn't hold up. For targets, since there is an obvious swing low and high, I will use the BTC chart. Fib 1.618 extension from the previous low of 0.0001800 and high of 0.0010200 sits at around 0.0025000 which is about a 380% run from the current level of 0.0006600. It's difficult to pinpoint a target date based on the wide scale of this pattern but it looks like it may climax around January. Since this is on such a large scale, I suggest that you exit at your own discretion and risk tolerance (because a bearish confirmation might confirm at a significantly lower price point than the current price). Good luck!
I saw a few people in the chat mention DOT as a candidate for a huge run and taking a look at it myself, I believe that's close to coming to fruition. What I see is a weekly W pattern with midline bullish RSI trend, positive 14/47 (my equivalent of 20/50) EMAs, equally bullish USD and BTC pairs. I'm 60% in and I am absolutely confident that this will run even if BTC doesn't hold up. For targets, since there is an obvious swing low and high, I will use the BTC chart. Fib 1.618 extension from the previous low of 0.0001800 and high of 0.0010200 sits at around 0.0025000 which is about a 380% run from the current level of 0.0006600. It's difficult to pinpoint a target date based on the wide scale of this pattern but it looks like it may climax around January. Since this is on such a large scale, I suggest that you exit at your own discretion and risk tolerance (because a bearish confirmation might confirm at a significantly lower price point than the current price). Good luck!
Comment:
I entered at 31.3. If you're looking for an entry, it might be prudent to sit tight for now since this is such a strong candle.
Comment:
Lol it was breaking out as I was making this post
Comment:
First target $35.
Comment:
Considering how this is going I would only shave the slightest bit of profit off if you're going to