$DOT - Breaking out from a massive falling wedge

2 maj

DOT has been trapped in a falling wedge that started forming in March after almost touched the 12 usd mark, and just broke out yesterday printing a CHOCH and potentially drawing a higher low in the next hours. Currently the price looks extremely bullish to me and if the plan goes well, we could see it reaching 8 or 9usd very soon.

Beware also that an important EMA passes right around 7.5usd, and price might not break it. In this scenario the price could revisit the entry point or even lower, so don't hesitate to take profit if you feel to.


BTC LOOKS MID-TERM BEARISH AND CAN RUIN THE PARTY, SO TRADE WITH CAUTION.