DOT looking bearish?
Bearish divergence on 4 hours TF and below. Likely to see a pullback. Daily RSI looking very good, huge hidden bullish divergence. Big support around 29 USD and 27 USD area. This could a great place to long. We could see retracement around 31 USD area if BTC didn't dump. But very likely to see below 30 USD again if BTC start to dumping hard. Place your SL and buy order depend on BTC movement.
But there are possibilities we could go lower due to volatility of BTC . If BTC crash from here, we could see DOT will follow to dump.
But there are possibilities we could go lower due to volatility of BTC . If BTC crash from here, we could see DOT will follow to dump.
Note
This idea is invalidated since BTC is not dumping. Look like DOT is stuck on 1 and 0.786 daily fibonacci retracement. 38 USD is a major support. If DOT break that support I would put buy order between 32 USD and 36 USD
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.