Polkdaot In Clear Trading Range

DOTUSD is so new that technical analysis is more difficult.

What we can see so far is a clear upper and lower level on the 1-day chart suggesting support and resistance.

A break below would suggest a big dip in price.

A break above will indicate a new rally beginning.

MACD is pushing up and about to cross the zero level which suggests positive momentum building into the trend.

With a 40% gain from today's price up to the resistance level, longer term looking traders and investors will be accumulating DOT as part of a diversified portfolio so as not to miss out on current prices.

Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.