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Piggy_Profit
Aug 26, 2020 12:14 PM

Get your DOT at a golden retracement level near you! 

DOT / TetherUSBinance

Description

Good day Traders

Polkadot:

Dot completing a final 5th within a rising wedge, expecting this one to break down and give us a 0.618 retracement before it goes into price discovery mode for a potential 300% moonshot!

Both fundamentals and technicals are looking solid for this one. Should be a winner over the next few months!

Comment

Don't think this impulse is done yet. This is my revised count:

Comments
akosm
I think we are in wave 3 of 5 - wave 1 cant be longer then wave 3
Piggy_Profit
@akosm, I was thinking some kind of leading diagonal but you're right, it's not valid. Wave 1 can be longer than wave 3 but wave 3 can't be the shortest which is the case in this count.
akosm
@Piggy_Profit, what you think about this?
Piggy_Profit
@akosm, nice count! Makes more sense.
FisheyJay
I think you’re right, there’s no way that I’ll be selling mine anytime soon...
kemarhill8
thats almost a 40% move to the downside ???
Piggy_Profit
@kemarhill8, That's a 61.8 - 65% move to the downside before a 300% move to the upside
Nikkisee2095
👍
Piggy_Profit
@elevatertrader, nice little retracement but I think this impulse still has legs. Probably not ready for a major correction just yet.
Nikkisee2095
@Piggy_Profit, how low would this retrace go?
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