$DOT PRICE ANALYSIS :

Dot price has been part of a significant dump recently. Recent dump or professionally called correction took place but dot was badly effected. Since the Dot all time high dot struggled alot but a very small amount of recovery was seen earlier. Since the market sentiments became Bearish dot is consistently dumping. it doesn't mean this is the end of dot but we can expect more dump before the actual bullish reversal.

Moving average of 9 and 18 days is above the market price as well as the exponential moving average of 50 and 100 days is also above the market price which is a strong indicator for a bearish trend.

Relative strength index is highly in a an over sold territory which is also a good indication that market can switch from the bearish sentiments to bullish sentiments because the price now dot is offering is highly attractive for the big whales to buy and maximise their profits.

Moving Average convergence and divergence is also indication a downtrend.

Conclusion.

As the market sentiments for now is bearish and highly volatile doesn't ensure bull market came to an end we are still in the bull market but a correction of 10 -30 % is always anticipated to ensure bullish reversal is coming.

NOTE: For now don't trade just wait for the confirmation and then trade with caution.