As I discussed and mentioned in my last post, that 46USDT is a strong resistance point of DOT and that traders should be vigilant and do not take any positions before it breaks out this price point. Finally, DOT has broken out its resistance and now in a good position for bullish trend. It touch a high of 53.35USDT and is currently trading at above 51USDT price point.
Source: Binance mobile app
As per my last prediction, those who took long position after 46USDT point, are already enjoying good profit and 51USDT maybe a good stop loss on the profit side and may wait and take a chance for more gains.
Source: Binance mobile app
Fab Retracement analysis also shows that DOT has broken the resistance point and is on the breakout. MACD indicator is also in a good momentum and we may see further bullish trend after a slight correction.
So enjoy the profit and keep on trading but on you own risks 馃槉.
Legal Disclaimer: I am not a financial advisor and never give advise to take any trade. The purpose of the analysis is for information only and you have to do your own working before taking any trade. I will not be responsible under any circumstances for any kind of loss.
