DU09

DOT/USD - Bullish price action in a bearish wedge! Can we pump?

Long
BINANCE:DOTUSDT   DOT / TetherUS
DOT is looking very bullish to me, however it is facing this nasty wedge as a resistance. If we clear above it, then the bullish bias is confirmed and we're clear to test $34 at Fib 161%. If that can't hold us, fire the rocket because we go to $50!

Indicators are looking great, with an expanding MACD on 4h and daily, RSI going up, volume increasing... good signs.

Bias is bullish and remains so as long as we don't fall off this wedge. DOT is a very strong altcoin and there are no reasons to not trust we can go higher.

The only caution is the overall market seems a bit in an impasse on what to do. BTC is trying to pass $50k and ETH seems to lag behind $2k. See below my link to those ideas.

The market leaders will impact on any bullish altcoin if they tank. So be careful.

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