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Technical analysis by bL1TZZ about Symbol DOT: Buy recommendation (6/13/2022)

https://sahmeto.com/message/1767960
bL1TZZ
bL1TZZ
Rank: 20464
1.4
Buy،Technical،bL1TZZ

Market Cap 6.9 Billion Up a cool 2,600% before a RSI Bearish Divergence + the "Incredible Sell" , price retraced to the 0.5 fib level, before rallying again to its high of $55. Price has since corrected 88% and finds itself in the Golden Pocket. We also have our first "Incredible Buy" Signal + Stochastic Oversold. Does that mean the bottom is in? Don't know, I don't try timing the tops or bottoms. Long Term bulls should DCA (Dollar Cost Average) with re-entry at $4, which is the 0.786 fib level , some big Volume Profile can be found there. Can price drop further? Most definitely! Speculative Setup, DYOR. Allow 3-18 Months For all Crypto Ideas. Credit to without_worries for allowing use of indicators.Weekly HA MFI is @ 0.02!Price bounces from our 0.786 / POC reload zone. Price has rallied approx 235% since. A whopping 7 oscillators are now currently printing divergence on the 2 week DOT/BTC chart. A possible trendline breakout + backtest and a potential massive RSI Bullish Divergence.

Translated from: English
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Signal Type: Buy
Time Frame:
4 روز
Price at Publish Time:
$7.09
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