DOTUSDT... the descending channel still validate
Hi everyone
DOT price is still moving into our descending channel so we can not expect bulls
have more chance yet, but may odds change in days coming.
MACD histogram shows some bullish divergent signs on daily setup, price still below
the ICHI cloud and is moving into a very strong demand zone. SO...
for the traders who are accumulating this area is good enough to accumulate
even if the price keeps moving downward pressure I assume somewhere between
20$ to 24$ would be our solid bottom.
for the future traders though I suggest to wait more to see better long confirmation to get the ride.
in 4 chart on the right side you can see Phoenix Ascending indicator on 3h 6h 12h 24h ( from top )
3h bullish, 6h neutral, 12h work to do, 24h still bearish. for more reference you can visit "WyckoffMode" page
on trading view.
Enjoy the market
DOT price is still moving into our descending channel so we can not expect bulls
have more chance yet, but may odds change in days coming.
MACD histogram shows some bullish divergent signs on daily setup, price still below
the ICHI cloud and is moving into a very strong demand zone. SO...
for the traders who are accumulating this area is good enough to accumulate
even if the price keeps moving downward pressure I assume somewhere between
20$ to 24$ would be our solid bottom.
for the future traders though I suggest to wait more to see better long confirmation to get the ride.
in 4 chart on the right side you can see Phoenix Ascending indicator on 3h 6h 12h 24h ( from top )
3h bullish, 6h neutral, 12h work to do, 24h still bearish. for more reference you can visit "WyckoffMode" page
on trading view.
Enjoy the market
Trade active:
we are perfectly moving into the descending channel yet.
Comment:
look my new analysis here
