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DOT massive comeback! Mid term potential targets.

DOT massive comeback! Mid term potential targets.

Today Bitcoin dragged the whole market down except for very few altcoins. DOT has lost almost 25% of its value during the past 4 days since the recent new ATH at $19.40. However this was not a problem to regain the loss and the token DOT was amongst the top gainers with massive 23% rallying from $14.80 to $18.20 in just 4 hours! The consolidation over the past days formed a falling wedge, which is very bullish formation during the uptrend. The breakout was massive supported by good volumes. I expect the retest of the wedge from outside (breakout confirmation) and then there are two targets, one short-term and one mid-term (see picture). Due to the fact that Polkadot is a much promising ecosystem and parachains begin to launch soon, there could start FOMO and both targets could be achieved quickly and without retest. Keep an eye on this rocket ;)

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OnlyUp
OnlyUp

Hi! I am day trader and crypto investor. #BTC #ETH #DOT #NEAR #PHA #REVV #REN #KSM #ZEC #XMR #VET #LINK #PCX #REEF #ZIL #WAVES #HEGIC


OnlyUpTA
OnlyUpTA

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