Cryptocurrency Pair Analysis: Examining LINK/USDT and DOT/USDT on {{29-Dec-2023}}

in hive-109435 •  last year 

Cryptocurrency Pair Analysis by @danish578

I want to clarify that I am not assuming responsibility for anyone here, and this is not a signal. I am simply sharing my market perspective.

LINKUSDT

The LINK/USDT pair is currently in a bearish trend. It is advisable to consider selling based on the M5 analysis. I have identified an extreme Point of Interest (PoI) attributed to unmitigated order flow and an unmitigated order block. However, it's crucial to note that these trades may not have a high probability due to the small structure and low liquidity. A strong confirmation for selling is necessary.!

TradingView_Screenshot_1703845480547.jpg

DOTUSDT

The DOT/USDT pair is currently in a bearish trend, and there is a potential selling opportunity based on the M5 analysis. I have identified an extreme Point of Interest (PoI) resulting from unmitigated order flow and an unmitigated order block. However, it's important to note that these trades may not have a high probability due to the small market structure and limited liquidity. A strong confirmation for selling is required. Additionally, there is a possibility of a sweep of our previous high, but it does not constitute a higher high.

TradingView_Screenshot_1703845787438.jpg

As a newcomer to this community, this marks my 1st post. I'd be immensely grateful for your backing if you find my analysis beneficial. Your support holds significant value for me.

Thank you for visiting my post; I truly appreciate your presence!

Analyzed by@danish578
SourceTrading view
PairsLINK/USDT, DOT/USDT
Beneficiaries25% @null
Thanks For Voting My Post1680963762477.jpg
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You've got a free upvote from witness fuli.
Peace & Love!

  ·  last year (edited)

Thank you so much for the upvote, Witness @fuli Peace and love right back at you! 🌟✌️❤️

Upvoted. Thank You for sending some of your rewards to @null. It will make Steem stronger.