DOT is between a narrow range formed by the waves in the downward channel.
DOT bounced several times from the support of the narrow band. It’s now going upward to test $10.73, the upper edge of the downward channel.
The major resistance of the downward channel is at between $11.54-$12.00. Breakup and holding above it for 2 weeks will expand the consolidation range.
The current supports are short-termed and not strong enough. Only with more funds inflow could the breakout be confirmed.
If the key resistance of the triangle is broken, $9.94-$10 will flip into support.
DOT bounced several times from the support of the narrow band. It’s now going upward to test $10.73, the upper edge of the downward channel.
The major resistance of the downward channel is at between $11.54-$12.00. Breakup and holding above it for 2 weeks will expand the consolidation range.
The current supports are short-termed and not strong enough. Only with more funds inflow could the breakout be confirmed.
If the key resistance of the triangle is broken, $9.94-$10 will flip into support.
Commentaire:
SORRY FOR THE TYPO IN THE TITLE, IT'S $DOT ANALYSIS.