SasanSeifi| Will DOT Break Out Above $4.50?
Diupdate
Hey there, ✌ By analysing the daily chart of 
DOTUSDT , we can see that the price has been in a downward trend for some time and is currently trading in a range around $4. The current key support level is at $4.
One scenario to consider in the daily timeframe is that if the price breaks the downtrend and stabilizes above $4.50, it could reach short-term targets around $5, as well as targets in the range of $5.80 and the supply zone at $6.
To better understand the future price movements, it’s essential to observe how the price reacts to these levels.
(For a continued bullish trend in the long term, breaking the significant supply area at $6 and stabilizing above it is crucial.) Conversely, if the price breaks below the $4 level and stabilizes after a range-bound period, the likelihood of further price corrections may increase.
💢This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
DOTUSDT , we can see that the price has been in a downward trend for some time and is currently trading in a range around $4. The current key support level is at $4.One scenario to consider in the daily timeframe is that if the price breaks the downtrend and stabilizes above $4.50, it could reach short-term targets around $5, as well as targets in the range of $5.80 and the supply zone at $6.
To better understand the future price movements, it’s essential to observe how the price reacts to these levels.
(For a continued bullish trend in the long term, breaking the significant supply area at $6 and stabilizing above it is crucial.) Conversely, if the price breaks below the $4 level and stabilizes after a range-bound period, the likelihood of further price corrections may increase.
💢This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
Trade aktif
Polkadot, following the breakout from the trend line and the $4.50 level, has risen nearly 9% and reached the first target of $5 so far.🤑
Catatan
As expected, following the break of the downward trend line, the price managed to rise approximately 9.50% to the first target of $5. However, it reacted negatively at this level, leading to a return towards the demand zone. In the last analysis, it was mentioned that if the critical range of $4.30 to $4 is maintained and the price remains in a range-bound trend, there is a possibility of moving back towards the $5 to $5.50 range upon confirmation. Additionally, if the $4.30 to $4 range is broken and the price stabilizes below it, the likelihood of a further correction towards the $3 target will increase.
As observed, the current price is at $4.20, oscillating within this range. From an analytical perspective, the previous report remains valid. Maintaining the $4 level is crucial for the intended outlook.
Trade aktif
.
Follow Your Own Trading Plan!
😍 Join our free Telegram Channel for more analysis
💰Telegram: t.me/Forex_Crypto_Signal_Free_VIP🙌
🌎Website (Persian): FiboTech.Trade
😍 Join our free Telegram Channel for more analysis
💰Telegram: t.me/Forex_Crypto_Signal_Free_VIP🙌
🌎Website (Persian): FiboTech.Trade
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.