$DOT has been consolidating for over a month, and it soon may break out
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (31.0). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . DOTUSDT is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. ....
crypto currencies are bullish recently , Here is my long trade setup in DOT/USDT .
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (19.0). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . DOTUSDT is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. ....
just look at the chart golden box :))
MY DOT ANALYSIS IS THAT THERE IS A STRONG BUY SINCE THE PRICE HAS BROKEN OUT THE PREVIOUS HIGH (ABOVE $10.6 AREA)
DOT forming an ascending triangle on the 1 hourly. It broke out of the pattern with significant volume and confirmed the breakout with a retest.
Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (6.1040). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . DOTUSDT is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic...