Since around the 27th of December DOT has been on the climb without a significant pull-back but it looks like we are at the end of said pull-back. If the ranging continues until around 2 March we should see a reversal upward after a bounce off of the $29 area. Using the N Calculation a potential ceiling could be around $64 near the end of March which would be the 26 period reversal area. Using the Kihon Suchi idea, we are near the end of the 9 and 65 period reversal periods.
As always comments and ideas are appreciated!
This information is not trading advice, only my personal opinion on potential market movements, and is for educational purposes only.
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.