As you can see, it is a bulish market for #DOTUSDT !! Weekly TIMEFRAME !!
Weekly TIMEFRAME
Dot, did not have a good rest because of the intermittent parachaine auctions.
But for now, two scenarios can be expected:
1. According to Trend 1: it broke its previous resistance, then the resistance has become a good support, so far it has pulled back to its level. If bitcoin does not fall, this pullback can be considered as a sign of continued upward trend.
2. Trend 2: If Bitcoin corrects, dot can also breathe a little fresh air and correction to the Fibo level of 0.3.
This is not a buy and sell offer. Pay attention to the word stabilize and do not enter into a trade in a hurry.
Weekly TIMEFRAME
Dot, did not have a good rest because of the intermittent parachaine auctions.
But for now, two scenarios can be expected:
1. According to Trend 1: it broke its previous resistance, then the resistance has become a good support, so far it has pulled back to its level. If bitcoin does not fall, this pullback can be considered as a sign of continued upward trend.
2. Trend 2: If Bitcoin corrects, dot can also breathe a little fresh air and correction to the Fibo level of 0.3.
This is not a buy and sell offer. Pay attention to the word stabilize and do not enter into a trade in a hurry.
Note
Update (1/3/2022) : I don't see the need to post a new analysis. The same analysis that was done several weeks ago is enough
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.
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.