DOT heading to $60?
DOT seems to came back into the trend zone we drew.
If we extend the trend zone, DOT is looking like it wants to head to $60 if it continues price discovery.
Assumptions
-BTC does break down
-We are still in a bull market
-RSI trendline holds support
-Trend zone pattern continues
Our opinion
-we don't think BTC will break down
-we believe we are still in a bull market till Q3
So with these statements, we believe DOT is likely to head to the next fib zone for price discovery
If we extend the trend zone, DOT is looking like it wants to head to $60 if it continues price discovery.
Assumptions
-BTC does break down
-We are still in a bull market
-RSI trendline holds support
-Trend zone pattern continues
Our opinion
-we don't think BTC will break down
-we believe we are still in a bull market till Q3
So with these statements, we believe DOT is likely to head to the next fib zone for price discovery
Disclaimer
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.