Technical Analysis: DOT/USDT on Daily Chart
🔍 Current Projection (Image 1):
The EMAs (7, 14, and 21) are approaching the 50 EMA, signaling a possible trend change. This crossover pattern has been observed twice before, resulting in strong rallies.
📈 First Crossover (Image 2):
The first time the short EMAs (7, 14, 21) crossed the 50 EMA upwards, the price of DOT/USDT recorded a +129% appreciation in 56 days, with a slope angle of 53°.
📊 Second Crossover (Image 3):
The second crossover of the short EMAs above the 50 EMA resulted in a +65% increase in 33 days, this time with a slope angle of 64°.
⚠️ Current Opportunity:
If the EMAs cross again, there is potential for another significant move. Historical behavior suggests that the price may enter a significant bullish phase. Watch for the break of the resistance in the range of $7.88 to $8.00.
🎯 Strategy:
Entry: After confirmation of the crossover of the short EMAs above the 50 EMA.
Target 1: Near the resistance at $10.60
Target 2: Test of the previous highs, above $14.40.
Stop: Below $6.50 support region.
📌 Conclusion:
The current pattern reflects previous moves that resulted in significant rallies. Based on the history, monitoring the crossover of EMAs and resistance levels can bring good trading opportunities.
#DOTUSDT #analisetecnica écnica
