Sorry, this TA arrives kinda late but it's holyday even for me. The more I do TA the more I recognize pattern are "seasonal", probably because most of the coins are influenced by BTC. I've been seeing many V-formation patterns lately and this is another one.
Unfortunately my TA is late so I wouldn't advice to enter the trade now, however I expect the chart to reach the target I've indicated. Moreover, most of the patterns that breaks downwards like the triangle and dump considerably like in this case end up to do a great pump which has already happened (in part) here.
If volume doesn't go down you can try to jump in with for a very short term margin trade but don't put much money on it as after such pump price will take break at a certain point
Unfortunately my TA is late so I wouldn't advice to enter the trade now, however I expect the chart to reach the target I've indicated. Moreover, most of the patterns that breaks downwards like the triangle and dump considerably like in this case end up to do a great pump which has already happened (in part) here.
If volume doesn't go down you can try to jump in with for a very short term margin trade but don't put much money on it as after such pump price will take break at a certain point
Comment:
My target has been reached and now DOT is in retracement. Another pump is possible but if you're happy with you wanted a very short term profit just sell it.
Trade closed: target reached:
I forgot to update this. It did reach my target days ago. I hope you sold at the top, sorry if I didn't update it in time