Last Shakeout Has Happened For PolkaDot DOT
Hello, Skyrexians!
We have seen many negative reactions on our recent analysis on XRP where we pointed out that it it in the distribution zone. We don't understand the sense t hold such overbought asset. Even if growth continues the potential is very low. It's much better to take a look at assets which are still at the bottom, like BINANCE:DOTUSDT.
On the weekly time frame we can see that DOT tested the support level again and formed the confirmed green dot on the Bullish/Bearish Reversal Bar Indicator [Skyrexio]. This is the strong signal for the corrective global wave 2 finish. The next target is 1.61 Fibonacci extension at $88 at least. The maximal target is much higher at 2.61.
Best regards,
Skyrexio Team
___________________________________________________________
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We have seen many negative reactions on our recent analysis on XRP where we pointed out that it it in the distribution zone. We don't understand the sense t hold such overbought asset. Even if growth continues the potential is very low. It's much better to take a look at assets which are still at the bottom, like BINANCE:DOTUSDT.
On the weekly time frame we can see that DOT tested the support level again and formed the confirmed green dot on the Bullish/Bearish Reversal Bar Indicator [Skyrexio]. This is the strong signal for the corrective global wave 2 finish. The next target is 1.61 Fibonacci extension at $88 at least. The maximal target is much higher at 2.61.
Best regards,
Skyrexio Team
___________________________________________________________
Please, boost this article and subscribe our page if you like analysis!
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Access private PineScript strategies and turn alerts into orders with easy-to-set up bots
Trade smarter with:
skyrexio.com
Trade smarter with:
skyrexio.com
Related publications
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.