Pretty confident in what is playing out here.
A trader could buy now and ride it up 16%, as opposed to, waiting for it to breakout from the ascending triangle.
There is a nice little equilateral triangle playing out on the 30 min. It will retest the larger ascending triangle on the 4 hour and chances are it will go through and tap the 1/1 on the Gann.
That's ≈ 16%; and if the trader waits for the breakout from the ascending it is ≈ 8%
Great risk/reward shown on the chart at 2.77
The ascending triangle is a longer term out look and could get DOT price towards $6.00 over the next day or two.
Good luck!
This is not financial advice.
A trader could buy now and ride it up 16%, as opposed to, waiting for it to breakout from the ascending triangle.
There is a nice little equilateral triangle playing out on the 30 min. It will retest the larger ascending triangle on the 4 hour and chances are it will go through and tap the 1/1 on the Gann.
That's ≈ 16%; and if the trader waits for the breakout from the ascending it is ≈ 8%
Great risk/reward shown on the chart at 2.77
The ascending triangle is a longer term out look and could get DOT price towards $6.00 over the next day or two.
Good luck!
This is not financial advice.
Trade active:
Looking real nice.
