Real nice setup here on DOT, one of the most undervalued alts paired against BTC. We've been watching this one for awhile, anticipating the move on the BTC pair, and its been setup real nice here on the daily USDT pair.

Bullish dragon here, with a potential wave 1 up, wave 2 down.

Broken outside of the downsloping supply line and retested, a classic break & hook

Really want to see the local high at 7.58 broken, to confirm the double bottom and give more confidence to the idea that a 3rd wave is now under way.

Looking for 9$ as a first target, which would be a potential pivot level at the 618 retracement, which is confluent with a 1618 extension of wave 1 up. Above that, the 2.0 and 2.618 extension levels would be likely, as id expect a full return for the imbalance at the top of the dragon.

Risk management should always be expressed and all targets should be profit taking levels with the potential to become reversal zones.