DOTUSDT analysis
#DOTUSDT 1h chart
Price is currently in the daily supply zone but no strong rejection have been seen. It is also in an ascending triangle pattern and trading above the EMA ribbon. MacD is showing weakness for bears and MacD lines are preparing to cross and become in a bullish territory. I expect price to retest the 1h demand zone before going up again. Our second entry is place on a major support level with stoploss below the candle that broke it.
Price is currently in the daily supply zone but no strong rejection have been seen. It is also in an ascending triangle pattern and trading above the EMA ribbon. MacD is showing weakness for bears and MacD lines are preparing to cross and become in a bullish territory. I expect price to retest the 1h demand zone before going up again. Our second entry is place on a major support level with stoploss below the candle that broke it.
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