ich1baN

DOT Breaking Out of Pennant - Upside $33 - W Pattern formed!

Long
ich1baN Updated   
KRAKEN:DOTUSD   Polkadot
DOT has so many bullish news items going on atm that it's hard to keep up (link below to read about them).

Currently DOT is breaking out of the symmetrical pattern (dark purple lines) with high volume and an upside target of $33.

DOT has magically formed a W pattern as well inside of the pennant which is bullish as well and provides further confirmation of upside breakout.

Daily MACD inked a bullish cross and shows further upside bullishness!

Comment:
DOT is a raging bull today! It pierced through the 0.5 Fib retracement and is now headed to the 0.382 retracement at $31.50!!!!
Comment:
$30M bids already dropping on the DOT parachain ecosystem - getting ready for that LAUNCH!

DOT TO THE TOP!!

cointelegraph.com/ne...cting-30m-in-funding
Comment:
Significant opp to buy DOT here:

Founder & CEO at Master Ventures, Kyle Chase, notes about his Polkadot VC Fund, “In our current portfolio of incubated projects led by the PAID Network, we’ve also committed significant research & development resources to build on Polkadot. As such, we’ve gained amazing proprietary knowledge and insight into the current progress and future evolution of both projects and we believe Polkadot will be one of the clear long-term winning blockchains and ecosystems due to its cross-chain functionality, ease of development & deployment as well as the strength of its development community.”

www.fxleaders.com/ne...-parachain-auctions/

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.