DOTUSDT.3S trade ideas
DOTUSDT - the calm before the storm!As we can see, DOTUSDT has been falling since May 17 and has already dropped by 166%, but then the price increased slightly. On May 19, the price broke through the support level at $ 29 and fell to $ 18, from where it rebounded and started a sideways movement. Now the price is moving in the range of $ 18 - $ 28. Most likely, the price will rise slightly in the near future and then fall back to the support level, possibly break through the support level, especially if Bitcoin starts to fall rapidly in the near future.
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Descending triangle patternA descending triangle is a bearish chart pattern used in technical analysis that is created by drawing one trend line that connects a series of lower highs and a second horizontal trend line that connects a series of lows. Oftentimes, traders watch for a move below the lower support trend line because it suggests that the downward momentum is building and a breakdown is imminent. Once the breakdown occurs, traders enter into short positions and aggressively help push the price of the asset even lower.
SYMMETRICAL TRIANGLE CHART PATTERNA symmetrical triangle chart pattern represents a period of consolidation before the price is forced to breakout or breakdown. A breakdown from the lower trendline marks the start of a new bearish trend, while a breakout from the upper trendline indicates the start of a new bullish trend.
SYMMETRICAL TRIANGLE CHART PATTERNA symmetrical triangle chart pattern represents a period of consolidation before the price is forced to breakout or breakdown. A breakdown from the lower trendline marks the start of a new bearish trend, while a breakout from the upper trendline indicates the start of a new bullish trend.
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Analysis-
Current Status - 21.7 ( Trading )
Support 1 put partial amount
Support 2 ( Around ) = 10.3 usdt enter with the rest of capital
When the coin reaches 45+ usdt we can again 3x-3.5x easily (375%)
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* I am not a financial advisor but i try to become an advisor *
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SYMMETRICAL TRIANGLE CHART PATTERN A symmetrical triangle is composed of a diagonal falling upper trendline and a diagonally rising lower trendline. As the price moves toward the apex, it will inevitably breach the upper trendline for a breakout and uptrend on rising prices or breach the lower trendline forming a breakdown and downtrend with falling prices.
SYMMETRICAL TRIANGLE CHART PATTERN A symmetrical triangle is composed of a diagonal falling upper trendline and a diagonally rising lower trendline. As the price moves toward the apex, it will inevitably breach the upper trendline for a breakout and uptrend on rising prices or breach the lower trendline forming a breakdown and downtrend with falling prices.