DOTUSDT

Hello Crypto Lovers,

Mars Signals team wishes you high profits.

This is a one-day-time frame analysis for DOTUSDT

As we analyzed on July 27, we expected a rising trend and now we have all our targets hit. In this chart, there is R1 which used to be a support line. S1 used to be a resistance line and the unsuccessful attempts of the price to rise is obvious. And S2 is the support area which represents the support of the price at several points. At the moment, the price is fluctuating below R1 area and we expect a falling trend to S1 and here we will have two options. Either the price will rise over this line and by receiving some confirmation candles, we predict more rise for it to R1. Or it is possible that the price loses the support and falls below S1 and face more decline toward S2.

Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.

Wish you luck