Salaam
Here I share with you what I see in DOT.
After a long rise, DOT stopped making higher highs and made a rising flag instead.
After 30 days, DOT broke the rising flag to the downside, pulled back to the lower line, and still can't make a lower low.
It also broke the trend line 2 days ago.
The measured objective target of the rising flag is much lower about 14.5!
I have a sell position at 27.1 below the trend line.
Now it is confined by two levels, 28.5 and 25.7.
I'm waiting for DOT to close a 4h candle below or above the levels.
There is also divergence in RSI and stochastics indicators.
Good luck,
Here I marked DOT swings to show its movement more clear.
Here I share with you what I see in DOT.
After a long rise, DOT stopped making higher highs and made a rising flag instead.
After 30 days, DOT broke the rising flag to the downside, pulled back to the lower line, and still can't make a lower low.
It also broke the trend line 2 days ago.
The measured objective target of the rising flag is much lower about 14.5!
I have a sell position at 27.1 below the trend line.
Now it is confined by two levels, 28.5 and 25.7.
I'm waiting for DOT to close a 4h candle below or above the levels.
There is also divergence in RSI and stochastics indicators.
Good luck,
Here I marked DOT swings to show its movement more clear.
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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.
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.