I drew a cup and handle pattern on DOT. This is a bullish pattern.
For confluence, I also found a bullish MACD cross and a falling wedge in the RSI.
Let me know what you guys think!
If the cup and handle I drew seems outrageous, there is always the possibility that the handle can be a Bull Pennant which is also a bullish chart pattern.
For confluence, I also found a bullish MACD cross and a falling wedge in the RSI.
Let me know what you guys think!
If the cup and handle I drew seems outrageous, there is always the possibility that the handle can be a Bull Pennant which is also a bullish chart pattern.
Note
More confluence:12H timeframe RSI Bullish Divergence
TD Sequential 9 flash
Both indicators are bullish
Note
Correction to above comment:Daily timeframe (not 12H timeframe)
Note
Things are looking more bullishHere are the bullish technicals I see:
1. Price is possibily breaking out of the falling wedge in the RSI.
2. The Trend Catcher on the Lux Algo indicator turned green on the daily.
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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.