Polkadot - Bullish medium-term scenario - Potential 50% gains

samideluxe Updated   
Polkadot forming a long-TF ascending triangle on Daily

2nd bottom & re-test of the ascending triangle seams to be confirmed by:

- RSI bottomed and about to breakout (same levels as mid-july 2021 selloff)

- Current overall market reaction

- 23.6 Fib level acting once again as nice support

- MA 100 & 200 seem to re-create a similar pattern as during mid-july 2021 selloff

Potential 50% gains until EO Feb 2022.

Entry at 19-20$
Stop loss at 17.90$
--> Target 28-31$

Happy Trading!

Trade active:
Idea Is still Valid
Trade closed: stop reached

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.