🔥 DOT Pennant Break-Out: New All Time High Soon?

٩ مارس ٢٠٢١

DOT has seen a rather long period of consolidation. In the last two days, helped by Bitcoin's surge, DOT has managed to break-out of the pennant. Assuming this bullish move from Bitcoin will keep going for a while, I'm expecting DOT to follow.

I've placed the entry line above the previous local high around $38,70. Wait for the price to close above the Entry line before entering a trade.

On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.

Happy trading!