parissap

DOT with BTC pair in parallel channel

Short
BINANCE:DOTBTC   DOT / Bitcoin
#DOTBTC
BTC pair of DOT is trading inside a descending parallel channel, if this daily candle going to close below the blue support line, then price will drop more to the long term support zone, which is around the middle line of parallel channel.

In my point of view this support zone will hold the price and then we will see another rally to break the channel to touch 11900 sats.

Related Ideas

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.