After yesterdays TA done on DOT wich hit target within 25 mins I know share with you all where DOT is going next.
As all cryptomarket suffered with btc downfall DOT remains strong and is already back on yesterday Target points levels and 37-38 works as a pretty strong and solid support.
Longterm this have so much more to give but this is shortterm thinking. now its just all about going past 40-41 usd mark (The purple box) when this happens (And ofc 42usd level, wich i do believe will be crushed when we breakout from the box. Looking at the last couple of days candles and flagpoles etc I see a secure and good TP1 at 44.8, but might as well go up to 48USD. This all will depend on the volume at the time and rest of the market.
I expect this to be complete within a few candles 1hr.. Btw lovely how the last 3 1Hr following the trendline is a perfect way
As all cryptomarket suffered with btc downfall DOT remains strong and is already back on yesterday Target points levels and 37-38 works as a pretty strong and solid support.
Longterm this have so much more to give but this is shortterm thinking. now its just all about going past 40-41 usd mark (The purple box) when this happens (And ofc 42usd level, wich i do believe will be crushed when we breakout from the box. Looking at the last couple of days candles and flagpoles etc I see a secure and good TP1 at 44.8, but might as well go up to 48USD. This all will depend on the volume at the time and rest of the market.
I expect this to be complete within a few candles 1hr.. Btw lovely how the last 3 1Hr following the trendline is a perfect way
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1min TF If we break this first purple box we will visit the next one
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We are inside, 40USD Inc Note
Ok we got rejected at the top of the first box 40.2 usd BUT now we go for 39.5 resistance again and hopefully smash 40.2 Note
SOO muuch resistance, we will have it the next hour candle Note
Looks like it keep comming back steady and nice now, same principal now, we need to hit 39.5-40.20$ in order to make further moves toward 44-50 levels, (I do believe 44-48 to be possible if this occursNote
Back on from a few % profits i made in NEO i will quick gain some with this DOT TA i made it seems to be in playNote
Loving the local support at 40 usdNote
Here you can see what needs to happen in order for some 10-14% gains :D
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If the 1HR TF closes aound 40,80-90 usd we should be goodNote
Really need to get above that green line before new candle
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.