DOT/USDT : Targeting $87, Holding the zone of interest !
Updated
DOTUSDTHello everyone 😃
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#DOT has found a support on broken ATH's zone. ( Daily supply zone )
Now based on FIB retracement's levels; If current support zone holds the bullish bias, Then we'll might retest the higher FIB's level at $87.57 which is named as FIB's 1.618 level.
📊 Also EMA50 has reached the movement and it can act as a support here.
📈 Swing traders can enter at current market price ( ±3% ) with a invalidation as a three candles close below the entry zone !
📚 Full strategy on chart's movement :
- Bulls will hold the upper hand till we moving above the $41.70's. ( Master candle's low )
Any engulf below the mentioned level will turn the bias into Neutral-bullish and an engulf below the lower master candle's low ( $33.57 ) will cause an invalidation into bullish movement in major bias !
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Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
Helical_Trades
Note
(#BTC_USD - 30Min) Helical_Trades
#BTC has formed a bearish pennant and it's breaking the lower line now !
Based on the technical logic, After breakdown confirmation; We'll face another to 63K and 61K's supports...
But it's not confirmed yet.
Note
Have a look on my recent exclusive analyze for BTC
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