Burnovski7

DOTUSD : Up she goes (still)

BINANCE:DOTUSDT   DOT / TetherUS
All signs are still pointing upwards in this upward pointing wedge .

# 14day sRSI just bottomed again
# Green line just punched through the red RSI
# Another 12 degree pennant formed with breakout to the upside
# new +ve energy just formed

Upward wedge is also a bearish indicator, so do your own due diligence.


Full Disclosure:
# I own (long) DOTUSD
# This is an observation, not a recommendation to buy/sell.

Comments

What is your TP on this?
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Burnovski7 LesTradeNow
Hi @LesTradeNow, at this point I'm HODLing together with my BTC & ETH. When I exit BTC in the next 6-12 months, I will exit the other 2.

Other TA/ Traders have the various targets:
@mr_willmedina just put a target of $55 today
@TradingMula has a target of $65
@TradingShot has a target of $78
@Babenski has a target of up to $60
@FieryTrading has resistance levels between $42-50

If you want to learn how to trade using the Phoenix Ascending look up @WyckoffMode videos on what he is doing to enter/exit crypto. If you look what that has done in the last year on DOT they are pretty good indicators when to enter/exit DOT if you are trading.
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