DOTUSDT Could Be Close to Break Out
DOTUSDT has been trading within a range since the end of Feb, similar to BTC. Looking at the 2d and 3d timeframes, it should not be long before we have a break out for a new ATH.
In the 2d timeframe, the Green Line is already above the White Energy as the White Energy has exhausted and turned down, indicating upward pressure.
The Red RSI is above the 56 level, which shows that upward pressure will remain with a low chance of a significant drop until the White Energy is below the 50 level.
In the 3d timeframe, the Red RSI line has turned up nicely and just crossed above the 50 level, showing bullish sentiment. I expect the Green Line to get above the White Energy soon as well once the White Energy exhausts and turn down in the 3d timeframe.
In both timeframes, the Blue LSMA is also turning up, crossing the 50 level as both the Green Line and Red RSI is continuing to go up. This indicates that the Bollinger Bands may soon expand as the price continues to increase.
In my opinion, DOTUSDT is currently starting to show some bullish signs and it could be a good time to start accumulating some DOT before its next break out.
In the 2d timeframe, the Green Line is already above the White Energy as the White Energy has exhausted and turned down, indicating upward pressure.
The Red RSI is above the 56 level, which shows that upward pressure will remain with a low chance of a significant drop until the White Energy is below the 50 level.
In the 3d timeframe, the Red RSI line has turned up nicely and just crossed above the 50 level, showing bullish sentiment. I expect the Green Line to get above the White Energy soon as well once the White Energy exhausts and turn down in the 3d timeframe.
In both timeframes, the Blue LSMA is also turning up, crossing the 50 level as both the Green Line and Red RSI is continuing to go up. This indicates that the Bollinger Bands may soon expand as the price continues to increase.
In my opinion, DOTUSDT is currently starting to show some bullish signs and it could be a good time to start accumulating some DOT before its next break out.
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