DOT / TetherUSLong
DOT short term bull run
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DOT has already broken up its downtrend. It started the new trend from $15.68 support level, DOT in monthly timeframe has made a double top, pattern and after reaching to pattern neckline DOT changed its course upward.
Since DOT started its point from a weekly support level, it may support DOT to reach to $28.49 & $38.51 resistance zones respectively.
the later resistance level may not be up for grab very soon, due to DOT's pattern which is a double top, one may consider current surge, as a short term bullrun, which after meeting FTC level might crash down again to break downward the neckline.
on the other hand BTC is struggling with 43k resistance zone, in casr that it could not break and maitain that level, market may crash down with BTC.
This is a personal idea, and I am not a financial adviser.
DOT has already broken up its downtrend. It started the new trend from $15.68 support level, DOT in monthly timeframe has made a double top, pattern and after reaching to pattern neckline DOT changed its course upward.
Since DOT started its point from a weekly support level, it may support DOT to reach to $28.49 & $38.51 resistance zones respectively.
the later resistance level may not be up for grab very soon, due to DOT's pattern which is a double top, one may consider current surge, as a short term bullrun, which after meeting FTC level might crash down again to break downward the neckline.
on the other hand BTC is struggling with 43k resistance zone, in casr that it could not break and maitain that level, market may crash down with BTC.
This is a personal idea, and I am not a financial adviser.
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