Introduction
Well it has been a while. But now i want to share some thoughts about the price of DOT. Lets look at the fundamentals.
The first Polkadot auctions has been a success and the winners are now live on the PolkaDot Parachain.
The situation at the moment
Let`s first take a look at the simple chart.
As you can see I have taken some yellow lines. This are the lines which are previous resistance and support from a higher time frame.
Then you can see the FibRetracement Tool. I also marked the golden pocket. This is the range between .5 and .618
Was i able to get in. No i was waiting after the RE-test of golden pocket was successful.
And if you watch closely you can see, that my start point of the Fib was not on the last swing low. It is a little bid higher. Why?
Because i use an additional indicator, which is called the half trend.
Using the Half Trend indicator for FibRetracement
For me it works best, to use the Fib Tool with the next swing lows and swing highs.
Price Targets:
Well and know to the reason why are you reading this post. :-)
According to TA it looks like that the last resistance and support levels (on a higher timeframe) fits the FIB levels.
As you can see it is $32,90 or $35,41 and $39-40
This is not financial advice and of course i do not have a crystal ball. This is only what is possible at the moment. And remember there is a common joke on the internet. Bitcoin can go up, it can go down and it can go sideways ... :-) no more words needed or
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