DOT is likely to head towards monthly resistance around 20

By angela_altair
Updated
The price has been consolidating on the weekly and monthly support WS1+MS1 area for quite some time and looks like ready to take off from here. I think the path is clear to travel from here up to monthly resistance around 20.
Comment
Just wanted to add that there is a weekly resistance WR1 on the way to 20. I have added that resistance zone on the chart. The price will experience a pullback from that level. That pullback may alter the course of price action and therefore we shall reevaluate the price once again when the price experiences that pullback.
snapshot
Chart PatternsDOTDOTUSDDOTUSDTdotusdtanalysisdotusdtideadotusdtlongDOTUSDTPERPTechnical IndicatorsTrend Analysis
angela_altair

Related publications

Disclaimer