DOTUSD - Bearish Divergence
Updated
-Bearish Divergence on the 1 day chart.
-More of this divergence can be seen in the near-term on a 4 hour chart, as well (not shown here).
-Stochastic RSI shows there may be a little more upward movement possible before a reversal.
-The 0.5 fib extension level, as well as resistance at $32.4 may be difficult to overcome, but price might push on up to the 0.618 fib. Let's see!
-Keep an eye on BTCUSD and ETHUSD, as they can affect DOTUSD's price.
Good luck, and have fun.
Note: Don't trade based on my ideas. They're worth exactly what you paid for them. I'm fairly new to this, and my charts are for my own entertainment, education, and record keeping.
-More of this divergence can be seen in the near-term on a 4 hour chart, as well (not shown here).
-Stochastic RSI shows there may be a little more upward movement possible before a reversal.
-The 0.5 fib extension level, as well as resistance at $32.4 may be difficult to overcome, but price might push on up to the 0.618 fib. Let's see!
-Keep an eye on BTCUSD and ETHUSD, as they can affect DOTUSD's price.
Good luck, and have fun.
Note: Don't trade based on my ideas. They're worth exactly what you paid for them. I'm fairly new to this, and my charts are for my own entertainment, education, and record keeping.
Note
DOTUSD: Now with even more Bearish Divergence!
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