Preluding to DOTUSDT’s chart, price action has also put in a very strong expansion leading to an all-time high. Similarly to LINK, reaming above current Local S/R will be indicative of strength in price action. Taking out the immediate high will progress DOT back into price discovery with a further strong expansion being probable.
Initially price action broke Daily S/R with an impulsive move that was backed with increasing ; this suggested a true break as follow through was evident. The remained above average with consecutive impulses, especially when the order block was back tested.
As evident, the secondary expansion topped out and established a local top, an impulse sell followed suit however was bought back in a manner. This again is suggestive of strength and that a true top as of current is not time-honoured. A clear climax with a blow-off top is resemblance will specify a temporary top in price action.