A rising channel is spotted on the DOT coin, indicating an uptrend in the short term. However, the price is currently showing an early weakness, breaking the middle line of Bollinger Bands Path. We have two possible movements here, but the end destination is the same for both of them!
First scenario: We see a price to move towards upper "liquidity zone," from where we will be looking for a downward movement
Second scenario: Current weakness will continue to break that rising channel, resulting in a n early downward movement towards $5.03 or even $4.81
Swallow Team
First scenario: We see a price to move towards upper "liquidity zone," from where we will be looking for a downward movement
Second scenario: Current weakness will continue to break that rising channel, resulting in a n early downward movement towards $5.03 or even $4.81
Swallow Team
Nota
A breakout from this liquidity zone has happened with a confirmed re-test as well! If we hold this zone on a Daily Timeframe as well, we will see some further movement to upper zones
Nota
After the last update, price went for a nice 3% market price movement, but currently we see that price is going most likely towards our broken trend line, which will be tested.
Nota
As expected, Price did a nice re-test that was very quick and went straight to reclaim the upper zones!
I'm currently looking at a nice weakness spot in the upper zones, so it might be nice to move liquidity to the lower zones soon!
🚨Years on charts build the habit of sensing psychological market direction. So far working :)
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Telegram: t.me/+fiEDSn7M9pJkODA0
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🚨Years on charts build the habit of sensing psychological market direction. So far working :)
Telegram: t.me/+fiEDSn7M9pJkODA0
Telegram: t.me/+fiEDSn7M9pJkODA0
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.