Ali Al-Shami
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DOT forms a double flag structure with support💪💪
$DOT
DOT has formed a bullish flag on the global chart, and a similar pattern may have formed more locally.
The attempt of DOT to consolidate above MA50 and MA200 was unsuccessful, but given these patterns, we are likely to see a test of them in the near future.
Currently, we are at support at $2.668.
A reversal and breakout of the resistance levels MA50 and MA200 is likely to occur.
DOT has formed a bullish flag on the global chart, and a similar pattern may have formed more locally.
The attempt of DOT to consolidate above MA50 and MA200 was unsuccessful, but given these patterns, we are likely to see a test of them in the near future.
Currently, we are at support at $2.668.
A reversal and breakout of the resistance levels MA50 and MA200 is likely to occur.
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