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angela_altair

DOTUSDT likely heading down for daily support around 5.55

DOT / TetherUS (BINANCE:DOTUSDT)  
angela_altair  
BINANCE:DOTUSDT   DOT / TetherUS
Trend Analysis Chart Patterns Technical Indicators DOTUSD DOTUSDT DOTUSDTPERP dotusdtshort dotusdtsell dotusdttrade
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trendanalysis chartpattern indicator dotusd dotusdt dotusdtperp dotusdtshort dotusdtsell dotusdttrade
The price has close below the weekly support which is not a good sign. It might reclaim it this week if it is still bullish but from probability point of view the price seems to be going lower from here. I expect the price to reach to the next weekly support which is sitting around 4.5 zone but there is a daily support in between which may hold the price. Therefore, let us focus on the daily support as a target first and then reevaluate the weekly support target. The daily support is sitting around 5.55.
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