SBLineker

DOT - Anatomy of (Potential) Explosive Price Action

Long
CRYPTOCAP:DOT.D   Market Cap DOT Dominance, % (CALCULATED BY TRADINGVIEW)
Hey Traders,
DOT today has been one of the best performing alt coins; however, the surge is mostly accredited to the listing on Coinbase. I wanted to explore further if DOT has the potential to gain Market Dominance and continue on this explosive trend. Quick reminder: we are still in a bear market and it is extremely risky to own altcoins at the moment. BTC right now looks prone for a move up, however, BTC Dominance would likely surge as well and little impact may be reflected on alt's.

The way that I see it, DOT.D is right on the cusp for breaking out of the bull flag it is currently in. The logarithmic MACD is something I rely to in order to understand when we can break above a certain consolidation range. Right now, if the trend would be to continue, our LMACD would be in a similar sentiment - showing very explosive price action at best and a resistance test in the worst.

Will follow up with snapshots down below. Enter your opinions in the comments.

Cheers everyone!
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