samideluxe

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

samideluxe Updated   
KRAKEN:DOTUSD   Polkadot / U. S. Dollar
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
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