Dodo/usdt has been in a strong downtrend for awhile, which is more evident with the by just looking at the naked chart, Trendline and also by the use of moving average(MA) in this case the Exponential Moving Average(EMA).
We can see that all three EMA 20,50 and 200 shows clearly that its in a downtrend.
If Dodo/usdt can break and then close above the trendline, then we can be assure of a trend reversal, with that our bias will be to go long.
But if it closes below the trendline, then we should look for shorting opportunities.
We can see that all three EMA 20,50 and 200 shows clearly that its in a downtrend.
If Dodo/usdt can break and then close above the trendline, then we can be assure of a trend reversal, with that our bias will be to go long.
But if it closes below the trendline, then we should look for shorting opportunities.