DOT recenlty broke a triangulation and a channel showing a strong BULLISH momentum, reflected on Elliott Wave Osc.
With good volume we can expect that to be a 3th wave of a bullish cycle.
SL will be under 0.618 of the minor cycle, taking in count that it can be the 4th wave of that minor cycle probably it will not touch this. 5th wave of the same have 1 FIB obj on $31
We need that daily candle close over EMA 5 to have a strong confirmation of the move.
Only my opinion, will see.
With good volume we can expect that to be a 3th wave of a bullish cycle.
SL will be under 0.618 of the minor cycle, taking in count that it can be the 4th wave of that minor cycle probably it will not touch this. 5th wave of the same have 1 FIB obj on $31
We need that daily candle close over EMA 5 to have a strong confirmation of the move.
Only my opinion, will see.