ElliottWaveBelgium

Polkadot - Consolidation ended and going for a new high now

Long
BINANCE:DOTBUSD   DOT / BUSD
DOTBUSD - Looks like it finished a Flat correction . Notice how price stopped at the 127.2% Fib projection of wave a which is a usual termination point for wave C of a Flat correction .
Price is now at the VWAP from the high which could act as temporary resistance but as long as price remains above 26.6 I think it's going to go higher.

Since I don't know exactly where the beginning of wave 1 is (and using 0 doesn't really help), it's a bit difficult to pinpoint the termination point of wave 5, therefore we must be attentive to the price action once a new high is made.

First target zone though is at 56/63 followed by 89/91.

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