Technical analysis by DAY11 about Symbol DOT on 10 hour ago

#dot DOT Dot is forming symmetrical triangle pattern in the 4h time frame , This time frame is better to get result , If you want to perfect result then apply one month or one week timeframe . A symmetrical triangle pattern is a consolidation period before the price is ready to break out or down. A symmetrical triangle pattern will indicate either the beginning of the bearish symmetrical triangle pattern or the beginning of a bullish, depend on breakout. The price target from a symmetrical triangle pattern breakout or breakdown will be equal to the distance from the high and low of the earliest part of the chart applied to the breakout price. The stop-loss for this pattern is frequently put right below the breakout point.