DOT: Rising Wedge Pattern-It's getting ready to fall
DOT completed a bearish wedge pattern on the 4H chart. The price broke down of the pattern signaling a potential fall.
The previous 3 candles are all clear and bearish adding more value to the bearish scenario.
On the other hand, BTC is still in correction and may fall or who knows what form it might take at this point, since the move last week was aggressively bullish and it will take time before we see the next wave.
All this prolonged pause could push DOT down and possibly all Altcoins.
Targets:
1.080
0.9500
You can find more details on the chart.
Thank you! 🍀
⚠️PS: Do your own analysis and use your own strategy to join the trade.
❤️ If this analysis helps your trading day, please support it with a like or comment ❤️
DOT completed a bearish wedge pattern on the 4H chart. The price broke down of the pattern signaling a potential fall.
The previous 3 candles are all clear and bearish adding more value to the bearish scenario.
On the other hand, BTC is still in correction and may fall or who knows what form it might take at this point, since the move last week was aggressively bullish and it will take time before we see the next wave.
All this prolonged pause could push DOT down and possibly all Altcoins.
Targets:
1.080
0.9500
You can find more details on the chart.
Thank you! 🍀
⚠️PS: Do your own analysis and use your own strategy to join the trade.
❤️ If this analysis helps your trading day, please support it with a like or comment ❤️
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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.
✅MY FREE Signals Channel
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
Disclaimer
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.