DOT Confirms Bearish Head & Shoulders Pattern
DOT Confirms Bearish Head & Shoulders Pattern
DOT has completed and confirmed a bearish Head & Shoulders pattern. The top of the pattern was reached at 5.83, coinciding with BTC reaching its new all-time high. This decreases the chances of the price rising above this zone.
The market remains unstable, and it's possible that DOT may test the 5.00 price zone again before moving down. Considering that BTC has also reached a strong zone, the odds are higher that DOT will continue its bearish movement, with targets at 4.6 and 4.35.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
DOT has completed and confirmed a bearish Head & Shoulders pattern. The top of the pattern was reached at 5.83, coinciding with BTC reaching its new all-time high. This decreases the chances of the price rising above this zone.
The market remains unstable, and it's possible that DOT may test the 5.00 price zone again before moving down. Considering that BTC has also reached a strong zone, the odds are higher that DOT will continue its bearish movement, with targets at 4.6 and 4.35.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
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