Long

#DOT

Updated

The dot currency has gone through a complete correction cycle, and now it can break the downward structure after the first swing and pullback and move according to the direction. We can say that the current scenario has had an upward movement, considering A, and now wave B has ended, which will be confirmed by the failure of the swing.

Note

After growing from the indicated range and breaking the resistance range, this pullback movement can be the broken structure to continue the trend up to the $10 range.

Note

In the daily time, according to the type of behavior of wave 4, it is erosion, and then we should witness an ascending wave 5, which can consist of a 5 wave, which will have the ability to grow at least up to the previous ceiling, and if it is extended, this wave should continue up to $12.5 have If the candle enters the 5.88 range, this wave count or wave analysis will need to be updated and the analysis will be invalid. Therefore, with the loss limit of the wave 1 overlap range, you can have a purchase transaction at least up to the previous limit.

Note

Currently, it has gone through an upward cycle, which is now completing a correction. Therefore, if the support and the upward guard are confirmed in the green box, the continuation of the path can be followed according to the path.

alikze

Also on:

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.