DOT is bouncing off the lower blue support line that I have (picture below)
This is a very strong support level, and on top of that it is doing this in a descending wedge pattern, which is a special bullish pattern.
HOWEVER, this coin has NOT BROKEN THE WEDGE YET.
That means, wait for the break, then go long.
First resistance would be red line,
second resistance is around $16.
This is a very strong support level, and on top of that it is doing this in a descending wedge pattern, which is a special bullish pattern.
HOWEVER, this coin has NOT BROKEN THE WEDGE YET.
That means, wait for the break, then go long.
First resistance would be red line,
second resistance is around $16.
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.