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 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.
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still valid
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