DOT/USDT: Technical Analysis

Time Frame: 4-hour

Current Price: $4.38

Trend: Bullish

Indicators:

1. RSI (14): 63.15 (Bullish)

2. MACD (12, 26): 0.081 (Bullish)

3. Moving Averages:

- 50-period MA: $4.17

- 200-period MA: $3.87

4. Bollinger Bands:

- Upper band: $4.59

- Lower band: $3.97

Support and Resistance Levels:

1. Support:

- S1: $4.23

- S2: $4.09

- S3: $3.95

2. Resistance:

- R1: $4.53

- R2: $4.69

- R3: $4.85

Candlestick Patterns:

1. Bullish Engulfing

2. Hammer

Chart Patterns:

1. Ascending Triangle (Bullish)

2. Inverse Head and Shoulders (Bullish)

Analysis:

The 4-hour chart shows a bullish trend, with DOT/USDT forming an ascending triangle. The RSI is bullish, while the MACD indicates bullish momentum.

Trading Strategy:

1. Long: Above $4.53, targeting $4.69 and $4.85.

2. Short: Below $4.23, targeting $4.09 and $3.95.

Risk Management:

1. Stop-loss: 5-10% below entry price.

2. Position size: 2-5% of total portfolio.

Market Sentiment:

1. Fear & Greed Index: 64 (Greed)

2. Sentiment Analysis: 75% Bullish, 25% Bearish

Not a financial advice