DOT is about to complete a long-term consolidation and bottoming phase on the weekly chart. The $3.5 – $4.0 range is a critical support zone. A strong breakout from this level could bring $7 first, followed by a $16 target. The MACD indicator supports the bullish signal. However, if there is a weekly close below $3.5, the scenario breaks down and new lows may appear.
Stop-Loss: A weekly close below $3.30 USDT → scenario invalidates.
First target: $5.
In the past, ETH and DOT have risen and fallen almost simultaneously, but recently the gap between them has reached up to 70%. Therefore, even with a 70% difference under today’s conditions, DOT should be around $16
Stop-Loss: A weekly close below $3.30 USDT → scenario invalidates.
First target: $5.
In the past, ETH and DOT have risen and fallen almost simultaneously, but recently the gap between them has reached up to 70%. Therefore, even with a 70% difference under today’s conditions, DOT should be around $16
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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.