Hi everyone!
4H"
DOT is currently looking to bounce back up from this local support level at $25, If this is accomplished over the weekend. We might continue to see it retest $30 mark. But due to the current market "BTC" I see that we need a lot buying pressure to build the required volume for it to able to go back up to the $40 Mark.
Also Looking at the chart I see a formation of reversal pattern. Further more I have used the Pitch-Fork to help me analysed to see possible break out points in conjunction with the resistance levels showed. (to project future the trajectory)
If we fail to for a break out pattern we my see it going below $20 and sitting at a lower support.
ALWAYS look for extra confirmation before making any trade.
Happy trading people
(No financial advice)
DISCLAIMER
The trading ideas, analysis, and comments above should not be considered financial advice or recommendation to trade or invest in any financial product. Your personal situation has not been taken into consideration in the trade ideas. This page is for general educational purposes only. Do not buy or sell any product discusses on this page before doing your own research. Always do your own analysis and research and be aware of the risks involved in trading any financial product :)
4H"
DOT is currently looking to bounce back up from this local support level at $25, If this is accomplished over the weekend. We might continue to see it retest $30 mark. But due to the current market "BTC" I see that we need a lot buying pressure to build the required volume for it to able to go back up to the $40 Mark.
Also Looking at the chart I see a formation of reversal pattern. Further more I have used the Pitch-Fork to help me analysed to see possible break out points in conjunction with the resistance levels showed. (to project future the trajectory)
If we fail to for a break out pattern we my see it going below $20 and sitting at a lower support.
ALWAYS look for extra confirmation before making any trade.
Happy trading people
(No financial advice)
DISCLAIMER
The trading ideas, analysis, and comments above should not be considered financial advice or recommendation to trade or invest in any financial product. Your personal situation has not been taken into consideration in the trade ideas. This page is for general educational purposes only. Do not buy or sell any product discusses on this page before doing your own research. Always do your own analysis and research and be aware of the risks involved in trading any financial product :)