DOTUSD :: Solid breakout over 4H 200MA, heading back to ATH
You can see on this chart that DOT has taken off upon closing above the 4H 200 period moving average, broken the larger 45 degree down trend as well as the recent correction's down trend and should ride up well above the new 45 degree uptrend. 45 degree trend lines is the ultimate measure of trend momentum. The further left of the trend line the price action is, the more aggressive the trend. Crossing the 45 degree line indicates a trend reversal may be imminent, at the very least that the active trend has broken.
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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.