DOT current trendlines, patterns and possible scenario (4h)

12 Ara 2024

DOTUSDT was forming an ascending channel in which it bounces up and down, frankly speaking the volume VAH indicates it could, IF it goes up further, bounce from it and touch the trendline once more before aiming higher. but first it needs to break the 50% fib level it got rejected from short term.

the touch of the lower trendline would coincide with the current point of control (dotted line) perfectly.

take this as a fast setup, will adjust it further if it gives any further indications.

20 Ara 2024

Emir iptal

due to t he recent flush in the market dot lost the upwards channel and kind of found support at the POC of the fixed range volume profile. that could potentially be it. trying to get back into the channel or establish a new support /trendline is now key. will monitor it for the next days.