Hello Traders,
DOT is acting like an old man, but actually it might start to re-gain it's adulthood again soon
Seems like it's forming Bull Flag when looking to small timeframes
although if you switch to Daily timeframe you will find that it already broke a falling wedge with target towards 7.8$
based on hourly timeframe
DOT is trying to reach the top of the flag at 5.650$
at which we will need Huge buying volume to confirm a breakout from the bull flag towards the resistances shown on the chart + two 4h confirmatory candles.
On
DOT.D dominance broke a falling wedge / descending channel too which somehow shows that we will have an increase on DOT dominance and Volume .
Thank you!
Have a nice day.
DOT is acting like an old man, but actually it might start to re-gain it's adulthood again soonSeems like it's forming Bull Flag when looking to small timeframes
although if you switch to Daily timeframe you will find that it already broke a falling wedge with target towards 7.8$
based on hourly timeframe
DOT is trying to reach the top of the flag at 5.650$at which we will need Huge buying volume to confirm a breakout from the bull flag towards the resistances shown on the chart + two 4h confirmatory candles.
On
DOT.D dominance broke a falling wedge / descending channel too which somehow shows that we will have an increase on DOT dominance and Volume .Thank you!
Have a nice day.
Trade active
still valid
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Follow for more frequent updates about crypto on Telegram,
available in both AR and EN.Don’t hesitate to ask questions in the comments!
available in both AR and EN.Don’t hesitate to ask questions in the comments!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.