DOT long potential

Dec 14, 2021

Not financial advice, I'm a nooby.

At the moment, DOT is sitting on a strong support. Many bullish order blocks touched his support, we might see another one.

Also, wih the MACD indicator, we can tell that the momentum is strong, wich means that a trend reversal at support is very plausible.

However, if the support doesn't hold, we might see 10$ DOT.

I think we can see a nice 40% to the upside, but DOT has to surpass the 21 days EMA.

If the 40% move to the upside occurs, we'll face a bearish orderblock, so the price might reverse back down.