DOT is likely to head towards monthly resistance around 20

Long

DOT / TetherUS (BINANCE:DOTUSDT)

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BINANCE:DOTUSDT DOT / TetherUS

trendanalysis chartpattern indicator dot dotusd dotusdt dotusdtlong dotusdtperp dotusdtidea dotusdtanalysis

The price has been consolidating on the weekly and monthly support WS1+MS1 area for quite some time and looks like ready to take off from here. I think the path is clear to travel from here up to monthly resistance around 20.

Commentaire:

Just wanted to add that there is a weekly resistance WR1 on the way to 20. I have added that resistance zone on the chart. The price will experience a pullback from that level. That pullback may alter the course of price action and therefore we shall reevaluate the price once again when the price experiences that pullback.

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