Dot inverse head and shoulder weeklyWeekly time frame is a clear inverse head and shoulder, as you can see we currently breaking the neckline of the resistance.
We should find support around the 45$
And if is it play out, the target will be around 69$
DOTUSD
DOTUSDT - Good timing for entry!BYBIT:DOTUSDT
1H trend chart
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$41.995 is a nice timing because confirmation of breaking out the downtrend line
Also, potential double bottom is forming, so I regard it as a great time for entry.
Trading strategy as below
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Profit Targets:
a) 43.240----Fib(1)
b) 46.275~47.505----Fib(1.272~1.382)
c) 50.135----Fib(2)
Stop losses:
a) 39.500----Red horizontal ray
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DOT Bullish potentialDOT broke the 38.5$ / 40$ resistance with volume, MACD Wk and MACD Daily are looking good.
Anything between current price and 38.50$ should be seen as buying opportunity to target 50$ region.
On the other hand, if we break back down the EMA4 and the zone we could see a retracement down to 32$.
My Bias would be to go long on this coin as long as 38.5$ is not broken in daily.
dot go creazy or not!!!dot is a valuable project
if we look at the market it is so much under value..
yesterday it woke up and had a 20 percent move up . if the move continue it can get another leg up and reach its all time high.
now it formed a triangel and can have break up to golden pocket or much highr prices
DOT/USD - ATH approach imminent! Massive PUMP!DOT has awaken! 20% pump in less than a few hours... holy...
There is something brewing in the market when alts start to pump double digits.
Chart is extremely bullish, hence we will likely not take a break until we hit our ATH level which is also a key resistance.
Indicators are bullish. Looking good so far!
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Very critical line for DOT25.5-27 is very critical line in daily and 4h charts.
I think in 2-3 days it will be clear wheret it will go up to 34 USD or go down to 18-20 usd
MACD indicator shows us a hope. Last time when MACD was the same it was end of March and DOT rised that time
NOT FINANCIAL ADVISE
DOTUSDT - Resistance Breakout!DOTUSDT (1D Chart) Technical analysis
DOTUSDT (1D Chart) Currently trading at $39
Buy level :Above $39
Stop loss: Below $31
TP1: $47
TP2: $55
TP3: $65
TP4: $80
Max Leverage 2x
Always keep Stop loss
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