DOT WEEKLY : 20/12/20
On Resistance
Technical' s
15M: VBearish
1HR: V.Bearish
4HR: Bearish
Daily: Bullish
Weekly: Neutral
Monthly: Neutral
Overall: Neutral
Buy/Sell Wall:
Buys
5.2 - 4.9 - Large buys throughout - $1.5m total
Sells
5.5 - 5.6 - $900k
Volatility: Impacted hard by BTC movement - BTC is ranging so will calm down
Local Support: $5.211
Next Support: $4.94
Local Resistance: $5.45
Next Resistance: $5.78
Fundamentals:
- SpiderDAO has begun releasing its SPDR token on Polkastarter, one of the first token listings on the Polkadot exchange. - Bullish
Personal Opinion:
Very dictated by BTC although should BTC holdin a ranging pattern then DOT should push to $5.5 quite quickly. Although if BTC falls then we wil break support and it will likely break down into the symmetrical triangle pattern hitting $4.9 and then $4.7.
Long term this is a great coin to be holding
On Resistance
Technical' s
15M: VBearish
1HR: V.Bearish
4HR: Bearish
Daily: Bullish
Weekly: Neutral
Monthly: Neutral
Overall: Neutral
Buy/Sell Wall:
Buys
5.2 - 4.9 - Large buys throughout - $1.5m total
Sells
5.5 - 5.6 - $900k
Volatility: Impacted hard by BTC movement - BTC is ranging so will calm down
Local Support: $5.211
Next Support: $4.94
Local Resistance: $5.45
Next Resistance: $5.78
Fundamentals:
- SpiderDAO has begun releasing its SPDR token on Polkastarter, one of the first token listings on the Polkadot exchange. - Bullish
Personal Opinion:
Very dictated by BTC although should BTC holdin a ranging pattern then DOT should push to $5.5 quite quickly. Although if BTC falls then we wil break support and it will likely break down into the symmetrical triangle pattern hitting $4.9 and then $4.7.
Long term this is a great coin to be holding
