On the 1 hour time frame, you can clearly see that the recent breakout has formed a Bearish Adam and Eve pattern.
The recent breakout was more of a "Sell the News" event when the SEC tweeted that all of the ETH ETF applications needed to be updated.
If the price action of DOT falls below $7.20 (the likely retest of the breakout against the symetrical tiangle it broke out of...) then the price will testt he next leg down at $6.90.
The recent breakout was more of a "Sell the News" event when the SEC tweeted that all of the ETH ETF applications needed to be updated.
If the price action of DOT falls below $7.20 (the likely retest of the breakout against the symetrical tiangle it broke out of...) then the price will testt he next leg down at $6.90.