DOTLong
DTO/USD - Expect Continuing higher or retest the previous ATH
As we can see DOT has broken the previous ATH reaching a new high 46.97942541.
The retracement was expected, and we can see that the 0.618-0.5 Fib Ret acting as support (the previous resistance that was broken) at around 41-40 USD.
We know that in an uptrend after a new higher high is made, is expected a new higher low. We have seen the HL and now we expect the buyers to continue the trend up breaking or at less retesting the previous ATH.
The retracement was expected, and we can see that the 0.618-0.5 Fib Ret acting as support (the previous resistance that was broken) at around 41-40 USD.
We know that in an uptrend after a new higher high is made, is expected a new higher low. We have seen the HL and now we expect the buyers to continue the trend up breaking or at less retesting the previous ATH.
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.