DOT BULL FLAG - BREAKOUT COMING?
DDOT DAILY CHART
DOT is forming a bull flag after a significant move up and break of the downtrend. The key resistance remains $5.70.
A break of the bull flag would target ~$8.80 based on the length of the flag pole.
Nice volume on the move up, decreasing as price consolidates. There's nothing to do here unless we see a breakout from the bull flag - until then this is just an idea.
DOT is forming a bull flag after a significant move up and break of the downtrend. The key resistance remains $5.70.
A break of the bull flag would target ~$8.80 based on the length of the flag pole.
Nice volume on the move up, decreasing as price consolidates. There's nothing to do here unless we see a breakout from the bull flag - until then this is just an idea.
scott.melker@texaswestcapital.com
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