DOT is not a project I have followed very close nor really into but looking at the chart it appears to be ready for a potential retrace to the upside.
This a daily bar chart and looking at the daily on the momentum oscillator we can see that our current swing low confirmed some pretty heavy bullish divergence and now the next wave is about ready to close higher along with the price.
Being the BTC weekly oscillators are looking like they may be ready to rotate to the upside and seeing smaller caps like dot showing some signs on the daily it may be time to make a move.
For targets 1/3 of the last swing is 10.5% higher at 4.453 and 50% of the swing is 17% higher at 4.70. Being we still technically in a down trend our current trading plan is close 50% at 4.45 and 75-100% at 4.70 depending how things look.
Stop/invalidation area will be below the current lows and stop loss should move to entry as soon as price begins to rotate to the upside.
Projected time from for this trade will be a potential top no later than mid October.
Trade Well......
This a daily bar chart and looking at the daily on the momentum oscillator we can see that our current swing low confirmed some pretty heavy bullish divergence and now the next wave is about ready to close higher along with the price.
Being the BTC weekly oscillators are looking like they may be ready to rotate to the upside and seeing smaller caps like dot showing some signs on the daily it may be time to make a move.
For targets 1/3 of the last swing is 10.5% higher at 4.453 and 50% of the swing is 17% higher at 4.70. Being we still technically in a down trend our current trading plan is close 50% at 4.45 and 75-100% at 4.70 depending how things look.
Stop/invalidation area will be below the current lows and stop loss should move to entry as soon as price begins to rotate to the upside.
Projected time from for this trade will be a potential top no later than mid October.
Trade Well......
