DOT current trendlines, patterns and possible scenario (4h)
2024-12-12
Category: None

BINANCE:DOTUSDT  was forming an ascending channel in which it bounces up and down, frankly speaking the volume VAH indicates it could, IF it goes up further, bounce from it and touch the trendline once more before aiming higher. but first it needs to break the 50% fib level it got rejected from short term.

the touch of the lower trendline would coincide with the current point of control (dotted line) perfectly. 

take this as a fast setup, will adjust it further if it gives any further indications.