This is purely my opinion based on the top 50 altcoins. Most cryptocurrencies are extremely difficult to analyze, but these two got me interested. On the first chart, the downtrend is almost perfect. It has been going on for a very long time and I think it will continue for at least the same amount. On the second chart, we have a breakdown of support and a potential retest (as it was, for example, on the first chart). I would short DOT from the area of $5-5.5, but as for right now it will be difficult to put a stop loss. A smart decision now would be to sit and wait until the price reaches the desired level. SL around $6.5-7, TP $1. As for EGLD, I already have a short position with an average price of $35. If we hit $40, I'll short more. SL $50, TP $5.
EGLD:
EGLD:
Trade active:
Shorted DOT @ $6, SL $7, TP $1
