parissap

DOT inside ascending channel

Short
BINANCE:DOTUSDT.P   DOT / TetherUS PERPETUAL CONTRACT
#DOT/USDT
$DOT is trading inside ascending channel, and now price is near and above lower line of this zone.

🐻 holding the descending resistance and break down from lower line of channel will shape a bearish flag pattern that will drop price to somewhere around $0.57

🐮 but holding the lower line and break out from descending resistance can increase price toward upper line of ascending channel.

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.