DOTBTC Local S/R| Declining Volume| Swing High| Price Action

Evening Traders,

Today’s analysis – DOTBTC – trading above Local S/R forming a potential higher low,

Points to consider,
- Price Action Impulsive
- Local S/R Support
- POC Resistance
- Declining Volume
- Double Bullish Divergence (RSI & Stochastics)
- Swing High Objective

DOTBTC’s immediate price action is showing strength at Local S/R, respecting this level allows us to have a bullish bias.

The current resistance is the local POC, breaking this level with conviction will increase the probability of a structural higher low.

Volume is on a decline which is indicative of an influx at a key trade location, currently being at one.

There is a valid double bullish divergence, the RSI and Stochastics are showing a higher low in respect to price action making a lower low, again signalling strength.

Overall, in my opinion, DOTBTC is a valid long with swing higher being the objective. Price Action is to be used upon discretion/ management.

Hope this analysis helps!

Thank you for following my work

And remember,

Trading is mostly a waiting game. if you want action that happens on your own terms, you’re in the wrong field.