Polkadot: 77% rally incoming.

Hello all. Looking at DOTUSD on the daily chart , we see the price of polkadot inside a rising channel , and currently sitting at a point of resistance at the current $8.75 price level.

While the support of this channel is at $7.14 which is a 20% lower price, the next biggest resistance sits at $15 which is a potential 77% gain.

If the price breaks the current resistance and hits the fib golden pocket at $9 .50 I will expect a rally all the way up to $15.

Retest levels to keep an eye on: 51 Day EMA , Support of the channel at $7.14, 100% fib level at $11.9.

Thanks for reading, and stay tuned. Enjoy.


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