kevwhitfield

DOT/USD Inverse head and shoulders completing?

Long
After Bitcoin showed a reaction to the upside following Future options expiring on Friday and the removal of some selling pressure its been a quiet weekend with mainly side ways action for most Alt coins in crypto land due normal weekend lack of volume.

DOT along with KSM (wild cousin of DOT) have been forming what looks like a inverse head and shoulders pattern. With a timeframe looking for completion around 00:00 UTC could we see Institutional investors, when the Asian market opens up for Monday trading, kickstarting Dots recovery to mount strong support for a further push and new ATH in the first week of April?

If indeed it is what it looks like the arrow is your target price of around $35.2 and nicely just above the next Fib line.

Not financial advice just an observation.
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.