Signal: Buy as the 1D MA20 (green trend-line) is holding and has been a rebound level throuout the whole 2021. Also the RSI is on its own Support Zone.
Target: 78.000 (the -0.5 Fibonacci extension and Higher High trend-line of the Channel).
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Just a suggestion. You should flip your FIB extensions for them to make sense. Your 1 should be the 0 for example.
TradingShot
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@Burnovski7, No I shouldn't. Those are retracement Fibs and if I flipped them then the 0.382 retracement would be the 0.618 and vice versa. The extensions on those fibs are (-) to the upside. I have been using those extensively. Thank you for bringing this forward though.
Timeframe will be at least 6 months to achieve this.
TRADiNG_hub
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amazing Work explained 🔥😌
BelowZero
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Excellent approach.
It is very possible for your goal to be met, since DOT has been having such raging growth and we should see many para-chain auctions coming to live in the next weeks/months...
Thank you for sharing.