My Fellow Crypto Traders,
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Cheers & Happy Trading!
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ANALYSIS:
DOT has been stuck w/in this region of $4.90 - $3.74 for roughly over 2 months now, which means DOT is extremely undervalued at these levels. Therefore, we should see DOT have one more re-test of the $4.07 - $3.84 support region before the climb back up to re-test the $5.50 resistance. This is supported by the RSI reading overbought on 11/07, in conjunction with the 9EMA looking to cross both the 20EMA and the 50EMA. Moreover, with BTC hitting some resistance on the dominance chart, we should see another cycle of bullishness for Alts.
Appreciate you taking the time to view my analysis in which I hope you may find it beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing.
Cheers & Happy Trading!
----------------------------------------------------------------------------------------------------------------------------------------------------
ANALYSIS:
DOT has been stuck w/in this region of $4.90 - $3.74 for roughly over 2 months now, which means DOT is extremely undervalued at these levels. Therefore, we should see DOT have one more re-test of the $4.07 - $3.84 support region before the climb back up to re-test the $5.50 resistance. This is supported by the RSI reading overbought on 11/07, in conjunction with the 9EMA looking to cross both the 20EMA and the 50EMA. Moreover, with BTC hitting some resistance on the dominance chart, we should see another cycle of bullishness for Alts.