Polkadot DOT 6-day wedge?
Updated
Seems like we're waiting on BTC to stop bleeding out its @#$ before we begin our next run up to the descending trend-line. Looks like BTC busted out of its (Descending) 3-day wedge early, possibly slowing ours down or even ruining ours too. I really hope this is a legit wedge and it blows, because the projected gains would be massive, and my first shared idea would also be massive. If it's not, I'm okay with that too! I'm looking for input from more experienced traders.
I'm not an astronaut or advisor I just like the coin and hope I can still catch a ride to the moon someday. Or 50%...
GL!
I'm not an astronaut or advisor I just like the coin and hope I can still catch a ride to the moon someday. Or 50%...
GL!
Note
We either broke out to the downside, or we need to move the goal posts, thanks to poor crypto or btc sentiment yesterday. See updated chart in comment section.Note
Volume steady increasing during this upswing. At this rate it might break out today or tomorrow. ADA is having another strong day (with respect to a similar wedge), and XLM is moving slower but steady (some of us also see a similar wedge).Note
Glad my first idea was somewhat accurate. The upward trend-line was just not as planned. There have been so many other wedge ideas shared since I shared mine. lol.
It seems these wedges are living things that grow as time passes depending on market sentiment. Thankfully BTC ended up holding its ground, allowing DOT and ADA to continue their bull runs. Keep an eye on XLM. Please like!
Note
My goal here was to point out a possible continuation of DOT's bull-run, despite BTC going dorment. Now as far as targets, i'm not sure that investors will allow us to see a ~65% run (opening height of wedge) on this breakout.Trade closed: target reached
Note
This idea pointed out to me the importance of waiting for at least one more bounce confirmation on the downside before averaging in.Note
We are once again forming yet another wedge. It seems this coin - and maybe others - will continue wedging themselves until they get enough momentum/buyers to rally. The longer it takes, the higher the rally will be - and the longer it will take to reach targets. It looks like the new wedge spans from approx. feb 20 to march 13. I will have to publish a new idea to show this, as i am unable to with the trial version of TView.
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