Technical analysis by samideluxe about Symbol DOT: Buy recommendation (2/2/2022)

Polkadot forming a long-TF ascending triangle on Daily 2nd bottom & re-test of the ascending triangle seams to be confirmed by: - RSI bottomed and about to breakout (same levels as mid-july 2021 selloff) - Current overall market reaction - 23.6 Fib level acting once again as nice support - MA 100 & 200 seem to re-create a similar pattern as during mid-july 2021 selloff Potential 50% gains until EO Feb 2022. Entry at 19-20$ Stop loss at 17.90$ --> Target 28-31$ Happy Trading!Idea Is still Valid