DOT could drop significantly in price in the coming days
1) 4 hourly and daily chart pattern looks a lot like the classic Bart Simpson formation, and we all know how those end up.
2) Indicated with red circles is a case of what I would call bearish divergence (4hourly). The rsi difference between peaks aren't too different from each other, however the price action tells a different story.
3) BIG ONE: the vpvr support shown with the red arrow shows little to no support for the price movement, and the price is edging closer and closer to the "cliff"
4) If you want you can call the yellow line a head and shoulders pattern, even though its messy. But it can be justifiable since #3 and #1 are quite convincing
2) Indicated with red circles is a case of what I would call bearish divergence (4hourly). The rsi difference between peaks aren't too different from each other, however the price action tells a different story.
3) BIG ONE: the vpvr support shown with the red arrow shows little to no support for the price movement, and the price is edging closer and closer to the "cliff"
4) If you want you can call the yellow line a head and shoulders pattern, even though its messy. But it can be justifiable since #3 and #1 are quite convincing