- Price Action Equilibrium Bull Break
- Weekly S/R Established and respected
- Strong Expansion
DOTUSDT has an important weekly close coming up that will determine the momentum of the prevailing . Price action is to close in resemblance to a which will indicate strong momentum to the upside.
DOTUSDT /Weekly Chart
Observing the chart we can see price action forming equilibrium where balances before an impulsive break. Evidently being the case this break was a one that followed suite after a Candle Close. The expansion was backed with increasing as reflected in the ; this indicated a true break in nature. Follow through was evident that led to an initial expansion.
A Weekly S/R was established successfully as price action held a base for two consecutive candle closes, this base associated around the $9.50 region. Holding this level was crucial for a bias as indicated strength with follow-though being imminent, again evidently being the case. The evidential fact that this level got respected was a tail sign of further upside.
A strong expansion followed suit as price action continued to rise with increasing . DOTUSDT managed to put in a swing high at $19. 40 , marking the all-time high and the current objective for continuation. A well-established weekly range has now come to fruition, with a weekly close in the coming days, will determine the likely-hood of taking out swing high. As of current there has been a strong buy back in price action is resembling a . How this next weekly candle closes will determine the momentum of the prevailing weekly expansion.
Hope this article helps when making discretionary decisions