DOT Technical Analysis in a Weekly Timeframe
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Now, let’s dive into this chart analysis:
DOT is under a symmetrical triangle pattern and within the accumulation range. Recently, the price reached the lower support of $3.590 and bounced back strongly.
In the long run, DOT looks bullish, and we are likely to see a decent rally once it breaks out above the resistance trendline.
Key levels:
- Accumulation/Support: $3.590 to CMP.
- Primary Resistance: $6.5.
- Long-term Target: 10x-15x gain.
- Invalidation: A weekly close below the $3.590 support level.
DYOR. NFA.
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
Thank you!
For the past seven years, I’ve been sharing insightful charts and analysis.
Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.
Now, let’s dive into this chart analysis:
DOT is under a symmetrical triangle pattern and within the accumulation range. Recently, the price reached the lower support of $3.590 and bounced back strongly.
In the long run, DOT looks bullish, and we are likely to see a decent rally once it breaks out above the resistance trendline.
Key levels:
- Accumulation/Support: $3.590 to CMP.
- Primary Resistance: $6.5.
- Long-term Target: 10x-15x gain.
- Invalidation: A weekly close below the $3.590 support level.
DYOR. NFA.
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
Thank you!
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