DOT cruising on support, within a sparse falling wedge.
Key findings:
* Falling wedge, albeit sparse.
* Small bullish divergence on both RSI and MACD.
* Oversold Stoch RSI.
* Red TD count 7 and counting
Watch it next few days, as opportunity may arise.
With a supportive Bitcoin it may bounce and confirm that falling wedge.
Flip of the coin: caution under support.
As usual, DYOD.
If you go with a trade don't forget to have a stop loss.
---
Key findings:
* Falling wedge, albeit sparse.
* Small bullish divergence on both RSI and MACD.
* Oversold Stoch RSI.
* Red TD count 7 and counting
Watch it next few days, as opportunity may arise.
With a supportive Bitcoin it may bounce and confirm that falling wedge.
Flip of the coin: caution under support.
As usual, DYOD.
If you go with a trade don't forget to have a stop loss.
---
Trade active:
Let's try to ride this.
Comment:
At resistance, DOT should try to breakout and avoid losing this opportunity.
Let's see.
Let's see.
That's increasingly dangerous.
It needs to confirm that small ascending triangle and move towards 19$.
Failing that would be troublesome.
Obviously alot depends on Bitcoin too.