DOTUSDT TA Analysis 4H
DOTUSDT is currently in a double bottom pattern with resistance at $18.81. The pattern has a taget of of $20.31 and has a resistance point @ $19.24
If it manages to successfully reach its target and continue pumping to $20.31 it could form an another double bottom patern or an inverted H&S with a potential target of $22.60. After reaching $22.60 there will be an another inverted H&S pattern formed with a target of $28.18 which also happens to be a resistance point of the downtrend channel it broke out not too long ago.
TP1- $20.31
TP2- $22.64
TP3- $28.18
DOTUSDT is currently in a double bottom pattern with resistance at $18.81. The pattern has a taget of of $20.31 and has a resistance point @ $19.24
If it manages to successfully reach its target and continue pumping to $20.31 it could form an another double bottom patern or an inverted H&S with a potential target of $22.60. After reaching $22.60 there will be an another inverted H&S pattern formed with a target of $28.18 which also happens to be a resistance point of the downtrend channel it broke out not too long ago.
TP1- $20.31
TP2- $22.64
TP3- $28.18