Description
⋅ Following The DOT polkadot news on parachains next month I foresee good growth on the ecosystem and related projects
On the chart I put some notes with some ideas regarding resistance levels and targets.
Purple ascending channel nicely showing the uptrend continuation as well as fib retracements and extensions in confluence
White trend line also just for indication of where the trend could lead in confluence with breakout
1.618 could just be the start of the major bull run.
Timeline more or less in line with the rest of this year, with final TP4 around December
Comment
⋅ 0.786 still holding the bottom of the channel around 40-43 sats
Breakout could be in the next week
Comment
⋅ Nearing the end of the penant and next target 55-60 is next
Comment
⋅ As expected
Next target 70+ sats