DOTUSDT - falling wedge
hi Traders,
We're analyzing the DOTUSDT Daily chart, and the price is now at $4.30 and has formed a falling wedge
formation.
If the price breaks out of the falling wedge , entering the long position will be justified.
The technical target for this move is around $6.90.
3 more targets are shown on the chart
The RSI is currently at 49 , which is still in the neutral zone, but it’s forming higher lows, indicating
growing bullish momentum. This is often a sign that buying pressure is increasing, even though the price
hasn’t broken out yet. The higher lows in RSI are a form of bullish divergence, which supports the
potential for an upward move.
Good luck
We're analyzing the DOTUSDT Daily chart, and the price is now at $4.30 and has formed a falling wedge
formation.
If the price breaks out of the falling wedge , entering the long position will be justified.
The technical target for this move is around $6.90.
3 more targets are shown on the chart
The RSI is currently at 49 , which is still in the neutral zone, but it’s forming higher lows, indicating
growing bullish momentum. This is often a sign that buying pressure is increasing, even though the price
hasn’t broken out yet. The higher lows in RSI are a form of bullish divergence, which supports the
potential for an upward move.
Good luck
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