DOT tech analysis / prediction 2021.07.02

in #dot • 3 years ago

Not financial advice.

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First of all.

RSI is in oversold territory and already shows divergence signs to revert movement

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Ideal buy position would be 11 , but 1.618 correction line already was touched 2 times and already shows rejection signs with small correction at the moment.

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Secondly , comparing with BTC it shows strong support at 0.000044

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Current position is extremely good for longing with very tight stop loss:

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Finally
Bitcoin dominance shows weakness signs which might trigger big spike for alts with dot included:

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To summary up:
I think currently dot shows signs of reversal . With all these supports it might go up from here for several weeks until btc dominance will get strength to push it higher...
Dot versus btc shows same signals... but i wouldn't hold it 0.0016 . 0.0011 might show very strong resistance:

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My TV profile:
https://www.tradingview.com/u/RomanLosev/

And of course - Not financial advice.

#ta #analysis #selftest
3 years ago in #dot by
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     3 years ago 
    1. wedge
    2. rsi divergences
    3. smoothed rsi about to go to decline

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