Stop in motion is not always bad. Especially if the movement was falling. This rule is proved by the DOT cryptocurrency. In the weekly timeframe, you can see that since mid-January, the price has clearly slowed in the range of $19. Since then, buyers have not been allowed to update local lows. The closing of the weekly candle on 7 February was an important signal for the beginning of a probable growth wave. https://www.tradingview.com/x/ny3htfiV/ As we can see, buyers did not even allow to cover the body of the previous consolidation candle. This signal was immediately used by buyers, starting a new trading week with growth. By stopping the fall near the global growth trend, buyers have shown interest in the fight. Therefore, by the end of February, we expect the formation of a new DOT growth wave with the first local target of $24 and global $31. Trading volumes in the DOT market remain low and have not yet issued plans for buyers to launch a counterattack. Technical Analysis Of DOT On The Daily Timeframe https://www.tradingview.com/x/LwTERF3B/ Analyzing the movement of the DOT price on the daily timeframe, we can see that the critical level for buyers is $18. If on the weekly timeframe you can allocate a whole range of $17-$19, then on the daily one we see a slightly narrower liquidity zone. It was with $18 that buyers began a new growth wave on 31 January. However, the most important thing at the moment is to keep this mark...
