Further Downside for DOT
I see a rough patch buildup in Q2/Q3 this year where more downside is expected.
This current consolidation phase we are in that has bounced off the 200 SMA looks likes it wants to break down with descending volume and RSI not yet close to oversold areas that I would be wary of.
I believe we could see a bounce off of any of the three Fib levels so I have put my allocation % by zone.
I am very long in the space in general, but I think we need to clean the charts up a bit after this run we have had... I would love to be able to pick up some dot in these areas as it is one of the better fundamental projects.
I expect things to turn around for the bulls in late Q4/Early Q1.
Edu. only.
This current consolidation phase we are in that has bounced off the 200 SMA looks likes it wants to break down with descending volume and RSI not yet close to oversold areas that I would be wary of.
I believe we could see a bounce off of any of the three Fib levels so I have put my allocation % by zone.
I am very long in the space in general, but I think we need to clean the charts up a bit after this run we have had... I would love to be able to pick up some dot in these areas as it is one of the better fundamental projects.
I expect things to turn around for the bulls in late Q4/Early Q1.
Edu. only.
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