DOT UPDATE - Triangle
Hello traders,
I predicted breakout from huge ascending triangle on DOTUSD. Price managed to rise above upper tl which was resistance at 18 and candles closed above, but then again BTC took down all alts no matter how strong fundamental or technical they were. I marked that ascending triangle, so you can see how was it totally devastated in the end and pattern was invalidated. As usually, all alts are following BTC like blind sheeps (unfortunatelly).
If you look closer on chart, i marked area 14,5-15 USD, where prices bounced pretty fast. So one of the scenarios i see, is that price will fall to retest 15 USD, and then fast bounce back. BUT again, everything depends on BTC. I have some long orders set at this area.
What is your opinion? I would love to hear it
Also, if you like my work, i appreciate like & follow
This is just idea, not imvestment advice
TRADE WITH BRAIN, NOT GREED
I predicted breakout from huge ascending triangle on DOTUSD. Price managed to rise above upper tl which was resistance at 18 and candles closed above, but then again BTC took down all alts no matter how strong fundamental or technical they were. I marked that ascending triangle, so you can see how was it totally devastated in the end and pattern was invalidated. As usually, all alts are following BTC like blind sheeps (unfortunatelly).
If you look closer on chart, i marked area 14,5-15 USD, where prices bounced pretty fast. So one of the scenarios i see, is that price will fall to retest 15 USD, and then fast bounce back. BUT again, everything depends on BTC. I have some long orders set at this area.
What is your opinion? I would love to hear it
Also, if you like my work, i appreciate like & follow
This is just idea, not imvestment advice
TRADE WITH BRAIN, NOT GREED
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