Creative Traders
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$DOT Pattern Analysis & Signal:
At first glance, the chart appears to be forming a double bottom pattern — here’s why:
The price dropped to $3.741, bounced, and returned to the same level again.
This level has been tested twice, indicating a potential support zone.
The pattern resembles a "W" shape, which is typical of a double bottom — a bullish reversal signal, especially after a downtrend.
✅ Is It Fully Formed?
Not yet. For a double bottom to be confirmed:
1. You need two clear bottoms at nearly the same price (✔️ already visible here at $3.741).
2. Then, the price must break above the neckline — which would be near $3.810 to $3.849 (the recent swing high between the two bottoms).
3. A breakout above that zone with strong volume = confirmation of bullish reversal.
📈 Will Market Turn Bullish or Bearish?
Here are two possible outcomes:
🟢 Bullish Scenario (more likely if neckline breaks):
If the price breaks above $3.810–$3.849, it confirms the double bottom.
Expect a potential move to $3.88–$3.92 or even higher short-term.
🔴 Bearish Scenario (if support breaks):
If DOT/USDT falls below $3.727 (24h low) and especially below $3.741, the support breaks.
Then it turns into a bearish continuation, possibly heading towards $3.70 or lower.
📊 Additional Notes:
Order book sentiment shows:
🔴 Shorts: 57.09%
🟢 Longs: 42.91%
→ This indicates more traders are shorting right now (slight bearish pressure).
✅ Final Conclusion:
Pattern Name: Potential Double Bottom
Formed Completely? ❌ Not yet. Needs neckline breakout.
Bias:
⚠️ Neutral-to-bullish as long as $3.741 holds.
🔄 Wait for confirmation above $3.81–$3.85 to go long.
❌ If breaks below $3.727, expect further bearish move.
At first glance, the chart appears to be forming a double bottom pattern — here’s why:
The price dropped to $3.741, bounced, and returned to the same level again.
This level has been tested twice, indicating a potential support zone.
The pattern resembles a "W" shape, which is typical of a double bottom — a bullish reversal signal, especially after a downtrend.
✅ Is It Fully Formed?
Not yet. For a double bottom to be confirmed:
1. You need two clear bottoms at nearly the same price (✔️ already visible here at $3.741).
2. Then, the price must break above the neckline — which would be near $3.810 to $3.849 (the recent swing high between the two bottoms).
3. A breakout above that zone with strong volume = confirmation of bullish reversal.
📈 Will Market Turn Bullish or Bearish?
Here are two possible outcomes:
🟢 Bullish Scenario (more likely if neckline breaks):
If the price breaks above $3.810–$3.849, it confirms the double bottom.
Expect a potential move to $3.88–$3.92 or even higher short-term.
🔴 Bearish Scenario (if support breaks):
If DOT/USDT falls below $3.727 (24h low) and especially below $3.741, the support breaks.
Then it turns into a bearish continuation, possibly heading towards $3.70 or lower.
📊 Additional Notes:
Order book sentiment shows:
🔴 Shorts: 57.09%
🟢 Longs: 42.91%
→ This indicates more traders are shorting right now (slight bearish pressure).
✅ Final Conclusion:
Pattern Name: Potential Double Bottom
Formed Completely? ❌ Not yet. Needs neckline breakout.
Bias:
⚠️ Neutral-to-bullish as long as $3.741 holds.
🔄 Wait for confirmation above $3.81–$3.85 to go long.
❌ If breaks below $3.727, expect further bearish move.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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