Has ETH Allowed Us to Predict The Future of DOT?
My Fellow Crypto Traders,
Appreciate you taking the time to view my analysis in which I hope you may find it beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing.
Also, I’m new to charting game and the crypto/stock space. So, if you have any constructive criticism or tips, please share.
Cheers & Happy Trading!
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ANALYSIS:
DOT appears to be developing an inverted "head & shoulders" formation in which we recently seen in ETH. During ETH "head & shoulders" formation (minor), ETH seen positive price action after a few support re-test at the neckline, which was right after the 9EMA cross. Therefore, as the 9EMA has recently crossed both the 20EMA and the 50EMA for DOT, we may see a 9EMA bounce off the 20EMA for further positive continuation to the upside.
Appreciate you taking the time to view my analysis in which I hope you may find it beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing.
Also, I’m new to charting game and the crypto/stock space. So, if you have any constructive criticism or tips, please share.
Cheers & Happy Trading!
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ANALYSIS:
DOT appears to be developing an inverted "head & shoulders" formation in which we recently seen in ETH. During ETH "head & shoulders" formation (minor), ETH seen positive price action after a few support re-test at the neckline, which was right after the 9EMA cross. Therefore, as the 9EMA has recently crossed both the 20EMA and the 50EMA for DOT, we may see a 9EMA bounce off the 20EMA for further positive continuation to the upside.