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Chibuike_Odoh
Feb 25, 2021 12:49 PM

DOTUSDT (POLKADOT) - UPTREND CONTINUATION  Long

BINANCE:DOTUSDT240
DOT / TetherUSBinance

Description

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ANALYSIS 🔎
- DOTUSDT hit a swing high.
- The market then retraced for a retest of the ascending trendline support and the 0.618 fibonacci retracement level.
- The retracement is resisted by the descending trendline resistance.
- We could see a bounce off the ascending trendline support.

BUY ENTRY ⬆️
- Breakout above the descending trendline resistance.

TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Fibonacci extension levels.

SETUP INVALIDATION ❌
- Breakdown below the ascending trendline support.
Trend AnalysisChart PatternsDOTDOTUSDTDOTUSDDOTBTCCryptocurrencycryptopolkadot
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