Alikze »» DOT | Ascending channel - 8H
2024-09-22

🔍 Technical analysis:  Ascending channel - 8H 

- It is moving in an ascending channel in the 8H time frame.

- It has been in demand recently after hitting the bottom of the channel again.

- According to the current form and structure, this upward movement can touch the targets specified in the chart with the support of the green box range.

- In the first step, the first target will be the middle of the 4.68 channel, after which it can continue its growth up to the first supply area.

- In addition, in the case of breaking and stabilizing above the middle of the channel, it will have the ability to grow up to the ceiling of the channel and the range of the second supply.

🛑 The most important resistance: ~ 4.68

💎  Alternative scenario:  If the green box and the bottom of the channel are broken, the bullish scenario will be invalidated and the correction can continue until the origin of the movement.
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  BINANCE:DOTUSDT  
 