AB_Trading-Intelligence

Has ETH Allowed Us to Predict The Future of DOT?

Long
KUCOIN:DOTUSDT   Polkadot / Tether
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Cheers & Happy Trading!

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ANALYSIS:

DOT appears to be developing an inverted "head & shoulders" formation in which we recently seen in ETH. During ETH "head & shoulders" formation (minor), ETH seen positive price action after a few support re-test at the neckline, which was right after the 9EMA cross. Therefore, as the 9EMA has recently crossed both the 20EMA and the 50EMA for DOT, we may see a 9EMA bounce off the 20EMA for further positive continuation to the upside.

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