DOT is currently on its way of making a new all time high. Another strong day like this, and we're practically there.
If we overlay some Fibonacci extensions, we can come to a couple of near term targets, rounded.
1.272 extension: $60
1.618 extension: $75
Historically speaking, the volatility picks up after a token makes a new all time high. So, once we've closed above $50 it could be a matter of days before the first target has been reached. Give it some more time for the second target.
Happy trading!
If we overlay some Fibonacci extensions, we can come to a couple of near term targets, rounded.
1.272 extension: $60
1.618 extension: $75
Historically speaking, the volatility picks up after a token makes a new all time high. So, once we've closed above $50 it could be a matter of days before the first target has been reached. Give it some more time for the second target.
Happy trading!
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