FieryTrading

🔥 DOT Almost New ATH: Fibonacci Targets

Long
BINANCE:DOTUSDT   DOT / TetherUS
DOT is currently on its way of making a new all time high. Another strong day like this, and we're practically there.

If we overlay some Fibonacci extensions, we can come to a couple of near term targets, rounded.
1.272 extension: $60
1.618 extension: $75

Historically speaking, the volatility picks up after a token makes a new all time high. So, once we've closed above $50 it could be a matter of days before the first target has been reached. Give it some more time for the second target.

Happy trading!

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