DOT: The initial price target of $ 17

The study of Elliott’s waves on the 240 -minute chart:
The first uptrend ended in the range of 10.68 and in continuation the corrective movement of this price has ended in the range of 7.16, and within the 50% of Fibonacci ratio. By crossing the price from the range of 9.98, which also breaks the downtrend line, we can expect to reach the targets of $ 17 and then $ 31 for this token.