Not financial advice.
First of all.
RSI is in oversold territory and already shows divergence signs to revert movement
Ideal buy position would be 11 , but 1.618 correction line already was touched 2 times and already shows rejection signs with small correction at the moment.
Secondly , comparing with BTC it shows strong support at 0.000044
Current position is extremely good for longing with very tight stop loss:
Finally
Bitcoin dominance shows weakness signs which might trigger big spike for alts with dot included:
To summary up:
I think currently dot shows signs of reversal . With all these supports it might go up from here for several weeks until btc dominance will get strength to push it higher...
Dot versus btc shows same signals... but i wouldn't hold it 0.0016 . 0.0011 might show very strong resistance:
My TV profile:
https://www.tradingview.com/u/RomanLosev/
And of course - Not financial advice.
from https://www.blockchaincenter.net/altcoin-season-index/
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