DOT tech analysis / prediction 2021.07.02

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.