DOT's First Higher High In 1.5 Months

I pointed out the DOT Golden Zone yesterday and it bounced back pretty nicely. One of the reason for this bounce is BTC of cource. Today we will look at the updated chart and how its been forming the higher high.

As you can see above, it is trying to make higher high but there is good amount of resistance. We just need to wait and watch there and if everything is fine then we just need to wait for it to close above $4.16

Let's take a bit closer look at the chart and if you see the current price ($4.19) is higher than its previous high ($4.16). It's a very bullish sign and we are looking at the daily chart here and now only thing left is for the current candle to close above $4.16

I would recommend everyone to always look at the higher timeframe charts and it would give you much solid information than any short time frame charts. That's why, I want the daily candle close above the crucial price because it would provide us some solid facts and how strong the market trend is.

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