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DOT seems to be settling around the $5.99 support level, but will likely dip if/when BTC drops further. Here's an updated chart with the other major support areas marked.
In case you're not familiar, CMF is Chaikin Money Flow - a useful indicator for determining breakouts and relative amount accumulation vs. distribution.
As you can see from the chart, the price...
Will be keeping an eye on how this pair in the coming months, and posting updates here!
Let me know if you have any feedback or ideas you’d like to see.
RSI and MACD continue to support DOTs push upward.
As many already know, it’s expected to be added to CoinBase. Speculation of such an event is certainly already factored into DOTs price.
Finally, let’s say you choose to ignore the TA and ignore the FA. Just another nicely polished shitecoin, right? Well, maybe you’re right. But considering big dick swangin’...
Gaining strength after showing weakness/neutral trading up until the cross-section. Ichimoku is not pictured here to keep things cleaner, but it is supported and well above the cloud on the hour. Although I'm bullish long-term (duh), I think it's likely this will be a short lasted upward move into rejection territory, followed by the fall to the first support...
VERY ROUGH analysis on 1hr BTCUSD trends. Expecting a pullback near crossing of trendlines in the short-term. This idea is supported by downward trend in RSI and divergence in MACD.
*Note: Could also argue there's a hidden bullish divergence in the RSI (one of a handful of reasons for my emphasis on this being a rough idea. Will follow up with further analysis...