Hi guys,
This is my first technical analysis take on the DOTUSDT chart.
As you can see we are moving up inside an ascending upward channel and the strength is clearly showing upwards movement in the coming days especially while BTC stays above $50,000.
We are moving up to test the previous ATH and will retest the $42.2 area before taking a break and possibly some accumulation. Another push towards the upside is most likely to see the previous ATH getting broken and price moving upto $43.5-$44 area after which we might some further downside towards $36.5-$38 which will retest the lower band of the ascending channel. After testing support we are most likely to see upside movement on DOT to go up and create new ATH in the coming days.
Areas to watch:
- $46
- $50
- $55
Ofcourse this is just my take and personal opinion on the price movement and should not be considered as financial advice.
Please let me know what you guys think in the comments below.
Thanks for reading
Cryptothropist
This is my first technical analysis take on the DOTUSDT chart.
As you can see we are moving up inside an ascending upward channel and the strength is clearly showing upwards movement in the coming days especially while BTC stays above $50,000.
We are moving up to test the previous ATH and will retest the $42.2 area before taking a break and possibly some accumulation. Another push towards the upside is most likely to see the previous ATH getting broken and price moving upto $43.5-$44 area after which we might some further downside towards $36.5-$38 which will retest the lower band of the ascending channel. After testing support we are most likely to see upside movement on DOT to go up and create new ATH in the coming days.
Areas to watch:
- $46
- $50
- $55
Ofcourse this is just my take and personal opinion on the price movement and should not be considered as financial advice.
Please let me know what you guys think in the comments below.
Thanks for reading
Cryptothropist