hello everyone
Yesterday's bar been closed with a lot of selling pressure and a shadow the same size of the bar on top, which is not a good sign for the market.if this price behavior continues we may have a bear flag formation right here (can be seen better on lower time frames).
For DOTUSDT ,we have the resistance level of 17$ and support level of 16$ and the weekly trend line which held the price so far.
I believe we may see the market a pinbar pattern here but it may have the same behavior as we seen on 11th of April.
Yesterday's bar been closed with a lot of selling pressure and a shadow the same size of the bar on top, which is not a good sign for the market.if this price behavior continues we may have a bear flag formation right here (can be seen better on lower time frames).
For DOTUSDT ,we have the resistance level of 17$ and support level of 16$ and the weekly trend line which held the price so far.
I believe we may see the market a pinbar pattern here but it may have the same behavior as we seen on 11th of April.