DOT had good price growth over the past week. Considering that the price had hit the bottom of the descending channel in the range of $5 in the high time frames, we saw the formation of a double bottom pattern and the return of the price above the range of $5.4. This pattern, which is clearly recognizable in the 4-hour time frame, has confirmed the break of this resistance pattern as the pattern's neckline was formed at the $5.4 range.
In the same period of time, we can expect further growth up to the short-term target range of $6 by considering an upward trend line on the last pivots and until this dynamic support is fully maintained. The trend is still bearish until the $6 resistance is broken. There is a possibility of a larger twin bottom pattern forming on the intraday, where the $5.10-$5.30 support level could be a good support area to retest demand.
DOT is now on our watchlist. We are expecting price movement soon.
#Crypto #Predictions
Michael_Winner
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Looks very good, thanks for sharing your dotusdt idea
SwallowPremium
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Great chart with good description!
AtlasTrades
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Looking good to open good position, now I know in which side
Tolberti
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Well done, thank you!
UnknownUnicorn15614419
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Great! Everything about this publication is perfect. It would be interesting to read the procedure of her analysis)
TheNewsCrypto
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Nice Analysis, Thanks for sharing
Solldy
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I second that! It's a little early to make a prediction now, of course, but all the arguments are the same as the ones I highlighted for myself. So, my scenario is almost completely the same)
#Crypto #Predictions