Like a lot of coins, Dot is not feeling good as well
After a run that started in July and ended with a new ATH in first days of November, Dot has started to roll back and now is trading exactly in the horizontal support
The price action from September by now can be also viewed as a large H&S and a break under the neck-line could accelerate losses.
If the selling pressure in the crypto market continues, I would net be surprised for this coin to drop to 10-12 support zone.
Only price back above 32 would put a pause to this bearish scenario.
After a run that started in July and ended with a new ATH in first days of November, Dot has started to roll back and now is trading exactly in the horizontal support
The price action from September by now can be also viewed as a large H&S and a break under the neck-line could accelerate losses.
If the selling pressure in the crypto market continues, I would net be surprised for this coin to drop to 10-12 support zone.
Only price back above 32 would put a pause to this bearish scenario.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Pubblicazioni correlate
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.