DOT / BTC was already doing a good bullish according to the long term charts. Now we see a short-term triangle drawing. It can break the lower triangle and land on the support points. Or it can continue to complete the Triangle and observe a sharp up or down movement.
It is not investment advice. I just shared my opinion. THX
It is not investment advice. I just shared my opinion. THX
Comment:
It instantly broke the triangle I drew. There is a possibility to come to sub support. However, it may enter the triangle again, even if there is a small possibility. Anything is possible somehow. If I had opened a position on DOT, the stop I placed now would have exploded.
Trade closed: target reached:
The arrow I drew was correct, as an estimate. DOT broke down the triangle formation and headed towards the lowest support. Therefore, the stop we will put has worked very well now. Besides, we can say that the graph is correct due to a flat fall. Other movements are unclear for now. He can climb up from the lower support or see the bottom levels down. I think it is risky to buy now.
Trade closed manually:
It broke two support points that I drew. In other words, one of the arrows I drew has been completed. The other resistance level is probably around 0.00022300BTC. However, I am closing this analysis because I did not analyze those levels in this post. Thanks again!