DOT / TetherUSShort
Dot is Short Term Bearish
Updated
Hello Everyone, Today I want to show my analysis on Dot. It is short Term Bearish as I have some confluences as mentioned below:
1: It was making HH's HL's continuously but recently it has done MSB shown by Red Line. After that it is making LL's LH's. The Next low is around 7.60 to 7.80.
2: The head and shoulder pattern can also be seen formed and neckline broken successfully with a valid retest.
3: The Trendline is also broken in 4Hr. So Overall it is looking bearish in the short term.
Let me know what are your thoughts guys!
1: It was making HH's HL's continuously but recently it has done MSB shown by Red Line. After that it is making LL's LH's. The Next low is around 7.60 to 7.80.
2: The head and shoulder pattern can also be seen formed and neckline broken successfully with a valid retest.
3: The Trendline is also broken in 4Hr. So Overall it is looking bearish in the short term.
Let me know what are your thoughts guys!
Note
Target Reached!
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