- December 4, 2020
- Posted by: virtualxstore
- Category: trading
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Note: This is not financial advice, nor am I a financial advisor. Therefore, my analysis should be taken with a grain of salt.
DOT 9EMA is flirting w/ hitting the downside, which means DOT may test for price validation. If there is no bounce, continuation to the downside for lower support footing @ $5.00 region. $5.27 has also been a key area of resistance for DOT, so if support is not confirmed selling pressure could hit, which would fit the narrative of a $5.00 support region re-test. Also, keep in mind if BTC gets ballzy and breaks ATH , we could see a minor dip in Alts till BTC cools off.