DOTUSD has recently completed a head and shoulders formation, a bearish chart pattern that often signals further downside. After the breakdown, price retested the neckline, which has now acted as resistance.
From here, DOT is likely to continue lower, with potential downside targets at $3.55 and $3.45. These levels may provide the next areas of support.
Let’s see how price action develops around these zones to confirm the bearish momentum.
From here, DOT is likely to continue lower, with potential downside targets at $3.55 and $3.45. These levels may provide the next areas of support.
Let’s see how price action develops around these zones to confirm the bearish momentum.
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Penafian
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Penafian
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.