After the impulsive wave ⏫, we just had, I am looking for a 50 % fib retracement to our target buy 😍 ~7.29. Once that is achieved Maker DAO will have enough strength just as it did in previous March breakouts, and will push to our target sell ~8.5-9.0. The black horizontal lines depicted above also create a support rectangle. Please watch BTC for a sudden fall if you decide to invest in any coin, as BTC has been unpredictable the last few days. The purple arrow down is an estimated path of DAO if we were to break our supports, which in my opinion, is unlikely.
This idea is based on a short term analysis, short term profit. Let me know what you think in the comments! Thanks!!
Trade at your own risk
Jazerbay 💕
This idea is based on a short term analysis, short term profit. Let me know what you think in the comments! Thanks!!
Trade at your own risk
Jazerbay 💕
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.