DOT broke the descending channel but...

Hi everyone

DOT price is now moving out of the channel but is in ranged move.

MACD histogram on daily setting is showing to get more strength

hence the price on 4H chart is still below our ICHI cloud and 200MA

we can expect a short term upward pressure to test the MA200 or lower

but as long as the price is moving below MA200 we can not expect new bull trend.

we may even see the price drop below strong 24$ support level if Bitcoin keep dropping.

but I think we either at the bottom or close to the bottom soon. but may the consolidation moves

take for more longer days until MA200 extend more to build a strong bull structure.

Lets see how it works


Enjoy the market

Trade active:

finally broke the channel retest the second layer trend line and bounced
but where it's heading for?.... see the chart

Trade active:

finally broke the MA200, now id breaks the dashed line upward we can expect 34$ at least or can drop to 28$ again then bounce upward