DOTUSD is so new that technical analysis is more difficult.
What we can see so far is a clear upper and lower level on the 1-day chart suggesting support and resistance.
A break below would suggest a big dip in price.
A break above will indicate a new rally beginning.
MACD is pushing up and about to cross the zero level which suggests positive momentum building into the trend.
With a 40% gain from today's price up to the resistance level, longer term looking traders and investors will be accumulating DOT as part of a diversified portfolio so as not to miss out on current prices.
Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.
What we can see so far is a clear upper and lower level on the 1-day chart suggesting support and resistance.
A break below would suggest a big dip in price.
A break above will indicate a new rally beginning.
MACD is pushing up and about to cross the zero level which suggests positive momentum building into the trend.
With a 40% gain from today's price up to the resistance level, longer term looking traders and investors will be accumulating DOT as part of a diversified portfolio so as not to miss out on current prices.
Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.
