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HuskyTrader9
26. Jan. 2021 15:28

DOT UPDATE - Triangle  

DOT / US DollarBinance

Beschreibung

Hello traders,

I predicted breakout from huge ascending triangle on DOTUSD. Price managed to rise above upper tl which was resistance at 18 and candles closed above, but then again BTC took down all alts no matter how strong fundamental or technical they were. I marked that ascending triangle, so you can see how was it totally devastated in the end and pattern was invalidated. As usually, all alts are following BTC like blind sheeps (unfortunatelly).

If you look closer on chart, i marked area 14,5-15 USD, where prices bounced pretty fast. So one of the scenarios i see, is that price will fall to retest 15 USD, and then fast bounce back. BUT again, everything depends on BTC. I have some long orders set at this area.

What is your opinion? I would love to hear it

Also, if you like my work, i appreciate like & follow

This is just idea, not imvestment advice

TRADE WITH BRAIN, NOT GREED
Kommentare
HuskyTrader9
UPDATE: Strong resistance still remains at 18 USD, so keep your eyes on price reactions at 18 USD resist and 15,5-16 USD support
DeVanWONDERS
@HuskyTrader9, so you see a bounce from 15 to 18, but what about lower than 15 and lower and higher than 18. Where are the next R & S levels?
HuskyTrader9
@DeVanWONDERS, Hey, next resistance is ATH level 19,6+- and support 12,8+-
Investroy
Lovely charts mate
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