DOT massive comeback! Mid term potential targets.

DOT massive comeback! Mid term potential targets.

By OnlyUp | OnlyUpTA | 20 Jan 2021


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

TA on BTC and Altcoins

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