DOT in ascending channel currently looking for a breakout

23 באוג׳ 2021

DOT is one of the most promising and exciting new cryptospaces. Currently it is stuck around $28 or so at the top of its ascending channel. Its current price point was support for several dips in spring but has now turned into resistance. A breakout over the top of the channel here could push DOT on a rally towards its previous ATH of $47. While DOT has had a strong August, it still got hit harder than most during the mid-cycle correction and still about $40 down from ATH levels. It is possible to have a similar move as AVAX and Luna Terra which also fell extremely hard but are now inching towards or blasted past new ATHs.

I am looking to long until a potential September shakeout and take profits.