Get started
AB_Trading-Intelligence

PossIbLe FoR DOT to BreaK BeaRiissH TrenD?

Polkadot / Tether (KUCOIN:DOTUSDT)  
AB_Trading-Intelligence  
KUCOIN:DOTUSDT   Polkadot / Tether
Trend Analysis Chart Patterns Technical Indicators DOTUSDT crypto cryptotrading polkadot technical_analysis usdt analysis
2
3
trendanalysis chartpattern indicator dotusdt crypto cryptotrading polkadot technical_analysis usdt analysis
It appears DOT as consolidated approximately between the range @ $3.9076 - $4.2551, well forming a downward triangular formation. This short phase of accumulation could have built of enough tension to be choked out, and head to the upside. Therefore, possible long positions can be in play for the bulls. If the $4.20 resistance holds, we can see a drop back down to high $3.90’s for further consolidation, in favor bears.
Cheers, and happy CrypTo SlanGin
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.