DOT is undervalued; $221 4.236 Fib extension potential
Reasons DOT is now undervalued:
1. Trendline support since Sep 202 was hit on 1/10/22 at the $22.20 bottom.
2. ABC wave (4) correction since 5/10/21 is probably finished at the $22.20 bottom.
3. 4.236 Fib extension potential of the intermediate waves (2), (3), and (4) is $221.40, about 8x the current price.
4. ATH of $56.22 should be obliterated in minor wave 3 of intermedate wave (5) in a few months.
1. Trendline support since Sep 202 was hit on 1/10/22 at the $22.20 bottom.
2. ABC wave (4) correction since 5/10/21 is probably finished at the $22.20 bottom.
3. 4.236 Fib extension potential of the intermediate waves (2), (3), and (4) is $221.40, about 8x the current price.
4. ATH of $56.22 should be obliterated in minor wave 3 of intermedate wave (5) in a few months.
Note
Sep 2020 was meant in reason #1
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.