The Fibonacci extension is indicating that if we push past the current zone we could see a move to $43.
I'm predicting that this will happen by Sunday give or take 48 hours.
Long term, however, we could see Polkadot reach $53 during the altcoin season (and that's being conservative haha!)
Just a very quick one for now - only had a brief look but was asked for my view so copied my comment here for anyone interested.
In my view we are likely to see a break out to the upside as the BBs in the 12h expand pursuant to the Blue LSMA closing above 50.
Just had a quick look and in most timeframes from scalping through short term to near term DOT showing...
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DOT is a very popular coin, but its projects are coming out too late.
So people need money to buy other coins first, so they will sell DOT.
It is time to buy DOT at 34 usd back. Short selling time!
As you can see on the 4hr. Timeframe chart, dotusdt is in a ranging position and currently is at its resistance. If dot showed some sign of going down, you can short it.
Impressive growth over the past few days.
The current $38 resistance on the 1 hour chart has proven itself tough to breach in the past.
Strong upwards EMA.
Good trade volumes.
