DOT/ETH - Descending wedge pattern

Dot has always been one of my favorite projects, so I am a bit biased. Dot works to solve many of ethereum's problems, including long-term scaling and security solutions.

Dot/Eth has been caught in a descending wedge pattern for 6 months. Notice how the RSI indicator has retained support near 30 and has even formed higher highs. This is showing a positive divergence to the chart.

Assuming that the descending wedge pattern breaks to the upside, the initial target would be ~0.01Dot/Eth.

Kommentera:

it looks like a false breakdown may have occurred on the DOT/ETH pair. DOT is recovering quickly. If so, DOT could rocket higher in the coming months.

Patience.

Kommentera:

Descending wedge has broke out on the daily. Lets see if it has legs.