DOTLong
DOT is undervalued; $221 4.236 Fib extension potential
Updated
Reasons DOT is now undervalued:
1. Trendline support since Sep 202 was hit on 1/10/22 at the $22.20 bottom.
2. ABC wave (4) correction since 5/10/21 is probably finished at the $22.20 bottom.
3. 4.236 Fib extension potential of the intermediate waves (2), (3), and (4) is $221.40, about 8x the current price.
4. ATH of $56.22 should be obliterated in minor wave 3 of intermedate wave (5) in a few months.
1. Trendline support since Sep 202 was hit on 1/10/22 at the $22.20 bottom.
2. ABC wave (4) correction since 5/10/21 is probably finished at the $22.20 bottom.
3. 4.236 Fib extension potential of the intermediate waves (2), (3), and (4) is $221.40, about 8x the current price.
4. ATH of $56.22 should be obliterated in minor wave 3 of intermedate wave (5) in a few months.
Note
Sep 2020 was meant in reason #1
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