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Constellation / Tether

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DAGUSDT trade ideas

DAG / USDT Three possible LT PathsDAG is approaching the heavy supply zone that served as major resistance during the previous breakout. If bitcoin plays nice(big if, rate of change bitcoin =< DAG's), we can see it break through to the next supply zone (highest purple bar) . It will certainly get rejected, causing a cup and handle (blue and yellow). The yellow path would time the RSI perfectly with its current oversold RSI. But this is crypto, so who knows . If it gets rejected here, it will retest the previous resistance, creating an inverse head and shoulders. Short term unknown, long term bullish.
Long
by cmerged