What's next for DOT? Hotting up or cooling down
DOT looks to be ranging at the graphed levels. When comparing where the current RSI and the RSI at which the previous run that started on March 25th stand, it is clear there is still some cooling off to do prior to moves upwards. If you are happy with staking, I cannot see it tumbling dramatically and you may wish to accumulate now. Those who don't want to sit through the red, which is what I am doing, might want to wait for the RSI to cool off to sub-45 levels and averaging in throughout that range. Local S/R at $43.25 & $45 respectively.
Once the RSI gets in and out of the buy area, though, I imagine there will be some very strong upwards movement.
THIS IS NOT FINANCIAL ADVICE, THIS IS ME SPENDING TIME DRAWING LINES AND PREDICTING THINGS THAT CANNOT BE PREDICTED FOR FUN. DYOR.
Once the RSI gets in and out of the buy area, though, I imagine there will be some very strong upwards movement.
THIS IS NOT FINANCIAL ADVICE, THIS IS ME SPENDING TIME DRAWING LINES AND PREDICTING THINGS THAT CANNOT BE PREDICTED FOR FUN. DYOR.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.