DOT in ascending channel currently looking for a breakout
DOT is one of the most promising and exciting new cryptospaces. Currently it is stuck around $28 or so at the top of its ascending channel. Its current price point was support for several dips in spring but has now turned into resistance. A breakout over the top of the channel here could push DOT on a rally towards its previous ATH of $47. While DOT has had a strong August, it still got hit harder than most during the mid-cycle correction and still about $40 down from ATH levels. It is possible to have a similar move as AVAX and Luna Terra which also fell extremely hard but are now inching towards or blasted past new ATHs.
I am looking to long until a potential September shakeout and take profits.
I am looking to long until a potential September shakeout and take profits.
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.