* DOT in 1D time frame forms a bullish pennant pattern.
* Bullish pennant appears when the price consolidates for a period of time between two trendlines before it continues the trend.
* To continue the rally DOT needs to break the upper trendline of the pattern.
* Bullish pennant appears when the price consolidates for a period of time between two trendlines before it continues the trend.
* To continue the rally DOT needs to break the upper trendline of the pattern.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.