Update from previous idea:
DOT has played out exactly as predicted hopefully a few people have seen my analysis yesterday as this price action would be no surprise to anyone.
the grey support line held pretty well today until we finally broke below and got a bearish retest before we then quickly broke below our red sloping trend line. I will look for support around my green support lines, worst case in the short term I see $47.25, if we are bullish then a wick to 49.9 is very likely
we are looking for a bearish retest of this level or in the best case a break back into the trend and a test as support. sometimes alts like DOT and SOL can be good market indicators I think the price direction is clear here short term bearish and that could be the direction the full market takes.
DOT has played out exactly as predicted hopefully a few people have seen my analysis yesterday as this price action would be no surprise to anyone.
the grey support line held pretty well today until we finally broke below and got a bearish retest before we then quickly broke below our red sloping trend line. I will look for support around my green support lines, worst case in the short term I see $47.25, if we are bullish then a wick to 49.9 is very likely
we are looking for a bearish retest of this level or in the best case a break back into the trend and a test as support. sometimes alts like DOT and SOL can be good market indicators I think the price direction is clear here short term bearish and that could be the direction the full market takes.
