Polkadot - Bullish medium-term scenario - Potential 50% gains

Polkadot forming a long-TF ascending triangle on Daily

2nd bottom & re-test of the ascending triangle seams to be confirmed by:

- RSI bottomed and about to breakout (same levels as mid-july 2021 selloff)

- Current overall market reaction

- 23.6 Fib level acting once again as nice support

- MA 100 & 200 seem to re-create a similar pattern as during mid-july 2021 selloff


Potential 50% gains until EO Feb 2022.

Entry at 19-20$
Stop loss at 17.90$
--> Target 28-31$

Happy Trading!

Trade aktif:

Idea Is still Valid

Trading ditutup: stop tercapai