Hi guys! I guess there are not many people in crypto community who don't HODL at least one DOT token. If you are one of them let us know in the comments below and buy some of this gem as long as it is still on earth, preparing for the moon mission. I don't need to tell you about the pumpamentals of this coin, though I can say what I see on the charts. On the daily chart we can see a wide accumulation range which is lasting for about five weeks now. This accumulation reminds me the bull flag that we printed and broke out beginning of February. The growth back then was about 130%. Now as wee can see the bull flag being printed is massive so I expect an epic move from DOT when the parachain auctions will begin taking place.
If we switch on a smaller time frame we see that we broke the local downtrend, retested the trend line confirming the break-out and continue moving up, we also see increase in volume which is also a good sign for further growth. Bulls need to regain the yellow trend line to continue the rally which will happen soon or later. This will be a sign for me to open a long position with short term target at $60 and mid term target for taking profits will be the $80 mark. Of course I have a bag of DOT which I don't sell but HODL for long. 2021-2022 promises to be the year of Polkadot!
:DISCLAIMER:
This is my trading idea. I am neither a financial advisor nor I urge you to trade my idea.
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