It seems impossible given the boring price action on DOT lately..
However, the current dominant arc is telling us a move to $95-120 is happening within the next month.
Looking at the longer-term patterns, we can see it has all been happening exactly according to the patterns.
That smaller arc had almost perfect touch points all the way, almost too perfect!
It was clearly broken to the upside and now we see a retest of that arc.
The larger arc in play now had some long wicks on the slide down that vary on different exchanges, so there is some room to extend the right side of the arc out longer, depending how you draw it. Playing around with it, the one here is my favorite.
Regardless of how you draw the arc, it is telling us a fast move towards the upper trend line is coming.
That upper trend line has just two confirmations, but it matches up with the arc and is the best guide for now given DOT's limited history.
There is added risk due to the uncertainty of that upper trend line, so choose your strategy accordingly.
Of course, it can break above that line as well, if DOT sees strong adoption when the first parachains go live. $300+ is possible.
Also be aware that an eventual return to the long term support trend line is likely, so be sure to take some profits when your personal targets are reached.
I'm currently LONG and looking for a strong move up in the next 2 weeks.
This would be invalidated if it breaks down back into the smaller arc, or fails to break back above $50 by the end of this month.
Long term, I think DOT has a good chance to be a highly used crypto ecosystem and follow an explosive price pattern similar to Ethereum, Binance Chain, Cardano and Solana.
Enjoy and good luck.
However, the current dominant arc is telling us a move to $95-120 is happening within the next month.
Looking at the longer-term patterns, we can see it has all been happening exactly according to the patterns.
That smaller arc had almost perfect touch points all the way, almost too perfect!
It was clearly broken to the upside and now we see a retest of that arc.
The larger arc in play now had some long wicks on the slide down that vary on different exchanges, so there is some room to extend the right side of the arc out longer, depending how you draw it. Playing around with it, the one here is my favorite.
Regardless of how you draw the arc, it is telling us a fast move towards the upper trend line is coming.
That upper trend line has just two confirmations, but it matches up with the arc and is the best guide for now given DOT's limited history.
There is added risk due to the uncertainty of that upper trend line, so choose your strategy accordingly.
Of course, it can break above that line as well, if DOT sees strong adoption when the first parachains go live. $300+ is possible.
Also be aware that an eventual return to the long term support trend line is likely, so be sure to take some profits when your personal targets are reached.
I'm currently LONG and looking for a strong move up in the next 2 weeks.
This would be invalidated if it breaks down back into the smaller arc, or fails to break back above $50 by the end of this month.
Long term, I think DOT has a good chance to be a highly used crypto ecosystem and follow an explosive price pattern similar to Ethereum, Binance Chain, Cardano and Solana.
Enjoy and good luck.