DOTUSD has touched the support level we published yesterday.
A break below would signal a sustained decline for DOT. If it can hold the current level during the current Bitmex exchange fiasco (CFTC sued Bitmex for being unregistered) then we can expect strong buying coming into the DOT market to push it to the top of the trading range.
With the MACD now showing red on the 1-day time-frame, traders will be cautious about long entries.
Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.
A break below would signal a sustained decline for DOT. If it can hold the current level during the current Bitmex exchange fiasco (CFTC sued Bitmex for being unregistered) then we can expect strong buying coming into the DOT market to push it to the top of the trading range.
With the MACD now showing red on the 1-day time-frame, traders will be cautious about long entries.
Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.
