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Tolberti
Aug 9, 2021 4:05 AM

PolkaDot DOTUSDT - HUGE Secret Parallel Channel on the Daily! Long

Polkadot / U. S. DollarKraken

Description

- Polkadot is very strong on the daily timeframe, as we can see.
- The price broke out of the bullish falling wedge and now is unstoppable!
- On the largest time scale, we can spot a huge blue parallel channel, which acts like a support and resistance.
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓
- Due to my Elliott wave count, the correction is totally over and we can expect a higher prices!
- If you want to see more of these ideas, hit "Like" & "Follow"!
Comments
umark1715
Hey, I bought a huge amount of dot coins at 21.6
Should i exit at 21.9 with profit or stay till it reace 24 in august?
Is 24 for dot possible in august?
Tolberti
@umark1715 it is of course possible, but hard to speculate on the short term move. You can switch to another coin
CryptoBot-LK
I had the similar thought. There will be few corrections like today and the next stop will be 27 :) Nicely explained!
Tolberti
@CryptoBot-LK Thanks a lot!
Mihai_Iacob
Best post!Thanks a lot
Tolberti
@OptimoomFX, Greatly appreciate it.
alimumtaz715
We are still bearish and you are predicting the price of Dot?
Tolberti
@alimumtaz715, Why bearish? We are in the huge ascending parallel channel.
suvny21
Tolberti
@santana2331 haha
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