Hello, traders!
DOT has corrected the downward movement to 0.618 and tested the local downtrend.
To date, the price has entered the seller's area of interest of $4.45-4.62.
RSI value on 4h TF is in the overbought zone above the level of 70.
The entrance can be searched near the marks $4.18-4.23 where the MA100 is on the 4H timeframe.
Stop at $4.13
Fibonacci Targets: $4.58 - $4.77 - $4.94
The risk to profit ratio 1:5 🔥
BTC Dominance
Bitcoin dominance tested the level of 66.50 together with the downward global trend line and bounced down.
The crypto market will be disconnected from global markets for the weekend, which gives an excellent chance for the growth of altcoins before the opening of the trading session on Monday.
Watch out for the market and good luck!
P.S. This is not investment advice, just a possible trade I would be following
DOT has corrected the downward movement to 0.618 and tested the local downtrend.
To date, the price has entered the seller's area of interest of $4.45-4.62.
RSI value on 4h TF is in the overbought zone above the level of 70.
The entrance can be searched near the marks $4.18-4.23 where the MA100 is on the 4H timeframe.
Stop at $4.13
Fibonacci Targets: $4.58 - $4.77 - $4.94
The risk to profit ratio 1:5 🔥
BTC Dominance
Bitcoin dominance tested the level of 66.50 together with the downward global trend line and bounced down.
The crypto market will be disconnected from global markets for the weekend, which gives an excellent chance for the growth of altcoins before the opening of the trading session on Monday.
Watch out for the market and good luck!
P.S. This is not investment advice, just a possible trade I would be following
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.
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.