Either a Cup and Handle or a Bull Pennant

16 thg 12, 2021

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.

17 thg 12, 2021

Ghi chú

More confluence:

12H timeframe RSI Bullish Divergence

TD Sequential 9 flash

Both indicators are bullish

17 thg 12, 2021

Ghi chú

Correction to above comment:

Daily timeframe (not 12H timeframe)

22 thg 12, 2021

Ghi chú

Things are looking more bullish



Here 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.