---- Mid-term Analysis for the next coming 4 weeks to 3 months - Daily on Daily Chart (LOG)-------
DOT/USDT: On Buying area, Direct rise expected
Context
- The Global Crypto market leads by BTC and ETH is still evolving within a bearish market configuration. Like the others digital assets DOT suffered about negative global market situation.
- However we are focus on a key buying area now on this coin and we expect a fast and quick recovery regarding technical elements
Market configuration
- Graphical Elements :
Graphical Resistance = 14 & 31
Graphical Support = 5,50 & 2,00
- Mathematical Indicators:
EMA ( Exp Moving averages) are still capping the market = Bearish
RSI indicator (below) is bouncing off key support = Bullish
- Elliot & Harmonic Wave (Fibonacci):
Fibonacci Target C (B) has been already reached = 9,50
Fibonacci resistance of the wave in progress = 14,00
Fibonacci support of the wave (c) (B) (max extension) = 5,50
Fibonacci Bullish Target = 19,00 (auto-similar move)
Conclusion
Preferred case => Regarding the mid-term element, DOT is offering the perfect entry area for a mid-term portfolio configuration in order to anticipate a bullish exit towards 14,00 and 19,00 as long as 5,50 remains support - In extension a larger rise towards the previous top at 31,00 can't be ignored
DOT/USDT: On Buying area, Direct rise expected
Context
- The Global Crypto market leads by BTC and ETH is still evolving within a bearish market configuration. Like the others digital assets DOT suffered about negative global market situation.
- However we are focus on a key buying area now on this coin and we expect a fast and quick recovery regarding technical elements
Market configuration
- Graphical Elements :
Graphical Resistance = 14 & 31
Graphical Support = 5,50 & 2,00
- Mathematical Indicators:
EMA ( Exp Moving averages) are still capping the market = Bearish
RSI indicator (below) is bouncing off key support = Bullish
- Elliot & Harmonic Wave (Fibonacci):
Fibonacci Target C (B) has been already reached = 9,50
Fibonacci resistance of the wave in progress = 14,00
Fibonacci support of the wave (c) (B) (max extension) = 5,50
Fibonacci Bullish Target = 19,00 (auto-similar move)
Conclusion
Preferred case => Regarding the mid-term element, DOT is offering the perfect entry area for a mid-term portfolio configuration in order to anticipate a bullish exit towards 14,00 and 19,00 as long as 5,50 remains support - In extension a larger rise towards the previous top at 31,00 can't be ignored
CIO & Head of market research (Automata - Vancelian)
vancelian.com/en
vancelian.com/en
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.
CIO & Head of market research (Automata - Vancelian)
vancelian.com/en
vancelian.com/en
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.