Inverse head and shoulders on DOT?
Here's an idea for you DOT degens.
This line of in orange has had several touches as a clear line of support and resistance. If we are able to bounce off this line and break around $26.40 then we have a clear inverse head and shoulder pattern with a price target at the top of back to the range top at $32.
There's also bullish divergence on the hourly so I would not be surprised to see a little pump here.
Not a bad place to long in my opinion.
This line of in orange has had several touches as a clear line of support and resistance. If we are able to bounce off this line and break around $26.40 then we have a clear inverse head and shoulder pattern with a price target at the top of back to the range top at $32.
There's also bullish divergence on the hourly so I would not be surprised to see a little pump here.
Not a bad place to long in my opinion.
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