DOT broke the descending channel but...
Updated
Hi everyone
DOT price is now moving out of the channel but is in ranged move.
MACD histogram on daily setting is showing to get more strength
hence the price on 4H chart is still below our ICHI cloud and 200MA
we can expect a short term upward pressure to test the MA200 or lower
but as long as the price is moving below MA200 we can not expect new bull trend.
we may even see the price drop below strong 24$ support level if Bitcoin keep dropping.
but I think we either at the bottom or close to the bottom soon. but may the consolidation moves
take for more longer days until MA200 extend more to build a strong bull structure.
Lets see how it works
Enjoy the market
DOT price is now moving out of the channel but is in ranged move.
MACD histogram on daily setting is showing to get more strength
hence the price on 4H chart is still below our ICHI cloud and 200MA
we can expect a short term upward pressure to test the MA200 or lower
but as long as the price is moving below MA200 we can not expect new bull trend.
we may even see the price drop below strong 24$ support level if Bitcoin keep dropping.
but I think we either at the bottom or close to the bottom soon. but may the consolidation moves
take for more longer days until MA200 extend more to build a strong bull structure.
Lets see how it works
Enjoy the market
Trade active
finally broke the channel retest the second layer trend line and bounced but where it's heading for?.... see the chart
Trade active
finally broke the MA200, now id breaks the dashed line upward we can expect 34$ at least or can drop to 28$ again then bounce upward
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