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RichardDavisFX
Jan 21, 2021 3:00 PM

POLKADOT - Bull Flag // 15% Target Long

DOT / US DollarBinance

Description

Hello, great to see You here!

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Today we are looking at DOT, it is a kind of a new project and it has made some moves already! The project is very promising, You can read all about it on their website. As we see in the chart, it had a Bull Flag pattern in it wants to retest the upper Flag level. I think we will bounce back off it and reach the target I have set. The risk ratio is almost 8:1, that would be a nice quick profit. There has been a lot of money invested in this project and from time to time it takes the TOP 3 spot in Crypto.

Entry point: @15.5552
Target point: @17.8905
Stop loss: @15.25500

Remember to use money, You can afford to lose!
I am not a "Financial advisor", so before doing something, do Your own research!
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Thank you and have an awesome day.
See You soon,
Richard Davis.

Trade closed: target reached

Target has been reached! Press follow for more Ideas!
Richard Davis
Comments
TehranCrypto
Excellent.
RichardDavisFX
@TehranCrypto, Thank You!
pedram_dvd
very nice
RichardDavisFX
@pedram_dvd, Thank You!
iancurazvanionut
Good call!
RichardDavisFX
@iancurazvanionut, Thank you!
iancurazvanionut
@RichardDavisFX, any further analysis ? :)
RichardDavisFX
@iancurazvanionut, At the moment, the best would be to wait if you looking for quick trades. Need to see how it reacts to reaching the Target/resistance, the long-term view would be to hold if you own some DOT, possibly could reach a new ATH. It could reach approx 23$ mark.
iancurazvanionut
@RichardDavisFX, true. I am waiting for the price to go lower maybe 14$ and hold it for a bit until it will reach 22$-23$. But anyway, thanks a lot! Keep posting!
RichardDavisFX
@iancurazvanionut, Thank you, will do!
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