The price chart for DOT is currently exhibiting a descending triangle pattern, forming at the conclusion of a downtrend. This pattern is commonly interpreted as a bearish continuation signal. Should DOT breach the support line, which also coincides with the horizontal lower trend line, it could create a scenario where the price falls below $1.
At present, the outlook appears quite unfavorable, with the cryptocurrency displaying notable weakness.
For a more positive outcome, it's imperative for bullish market participants to intervene and successfully breach the upper falling trend line. By accomplishing this, they can negate the ongoing pattern and avert a potentially substantial price decline.
At present, the outlook appears quite unfavorable, with the cryptocurrency displaying notable weakness.
For a more positive outcome, it's imperative for bullish market participants to intervene and successfully breach the upper falling trend line. By accomplishing this, they can negate the ongoing pattern and avert a potentially substantial price decline.
Consistency is the key of success....
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Consistency is the key of success....
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.