DOTUSD support and Resistance level

٣ نوفمبر ٢٠٢٣

Polkadot still solid inside channel up pattern, this is a great progress for bullish.
This week DOTUSD try to break resistance 1 level, but it failed and almost reach channel up support.
Target from channel up support at resistance 2 at $5.06 with maximum target at resistance 3 at $5.69
If channel up pattern break down, Polkadot still have fibonacci support at $4.05 to hold bearish movement

If you have any question about this analysis, let me know at comment below.

٨ نوفمبر ٢٠٢٣

تم فتح الصفقة

Great movement, still at our plan

٩ نوفمبر ٢٠٢٣

أغلقت الصفقة: تم الوصول للهدف

This analysis close with profit. Target reach at resistance 2
there is no bearish sign, we can continue to reach resistance 3 at $5.69
dont forget to support this analysis,
If you have any question, do not hesitate to contact me
Your support at this analysis will also support Polkadot to reach bullish target
Click here to check my other analysis

١١ نوفمبر ٢٠٢٣

ملاحظة

to update this analysis, I need to make sure this bullish confirmation level break up with one full candle at daily timeframe. If we have that candle, I will update with a new analysis and new pattern.

١٣ نوفمبر ٢٠٢٣

أغلقت الصفقة: تم الوصول للهدف

Nice movement at DOT, our second target reach quicker than I expected.
this is quick update analysis,

$5.74 previous resistance still hold bullish movement,
and DOT try to break it right now.
I need one full candle above this line to make sure bullish continue.
If DOT failed to break resistance, channel up support will hold next bearish movement.

This double top pattern are the only bearish sign I have, I will monitoring DOT frequently and post new analisis if I found a new pattern