DOT was rejected at $19 twice and now we have painted a chart where the indicators are looking quite bearish with MACD crossing on the negative for the first time in a week or so.
RSI is losing strength fast and volume has dropped significantly on this up trend. Therefore the bias is bearish until we find support that holds.
The first one is at $14 and then lower at $10.
If MACD is to be believed, we are likely to re-test the support at $10, I don't see how we stop at $14 unless the overall market returns to bullish mode soon.
Therefore, a good time to secure profit and re-load lower if the opportunity comes.
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RSI is losing strength fast and volume has dropped significantly on this up trend. Therefore the bias is bearish until we find support that holds.
The first one is at $14 and then lower at $10.
If MACD is to be believed, we are likely to re-test the support at $10, I don't see how we stop at $14 unless the overall market returns to bullish mode soon.
Therefore, a good time to secure profit and re-load lower if the opportunity comes.
Like and follow if you liked this idea!
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