Hi guys, today we are analyzing DOT in Daily time frame.
As you can see that we had a strong resistant trend line which is broken by daily candles, we can expect a pull back to the broken trend line and then we have an important resistance level at $5.258.
It is important to break the major resistance level.
Also we can see that the trading volume is decreasing and it's a major point that shows weakness of the price action.
As you can see that we had a strong resistant trend line which is broken by daily candles, we can expect a pull back to the broken trend line and then we have an important resistance level at $5.258.
It is important to break the major resistance level.
Also we can see that the trading volume is decreasing and it's a major point that shows weakness of the price action.
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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.
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.