Alikze »» DOT | 61.8 Fibo retest scenario
According to the long-term analysis, the DOT currency is moving in the 1W time frame, which, as mentioned in the updated micro-waves of the previous post, completed a complete cycle in accordance with the path in the range of 11.92.
💎 First scenario: due to the recent three-wave correction and support in an important PRZ area, an upward corrective movement is currently underway, which is currently stopped at the 0.618 area. Therefore, if this X wave is not upward and after the completion of the correction log until the liquidity zone or PRZ leads to the failure of the zone and the daily candle is closed above it, it can continue the movement until the specified resistance PRZ zone. to give
💎 Second scenario: If the support PRZ area is broken, this can lead to a continuing corrective lag and a combined correction and correct the whole wave up to 0.23.
If the behavior and structure of the post changes, it will be updated.
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💎 First scenario: due to the recent three-wave correction and support in an important PRZ area, an upward corrective movement is currently underway, which is currently stopped at the 0.618 area. Therefore, if this X wave is not upward and after the completion of the correction log until the liquidity zone or PRZ leads to the failure of the zone and the daily candle is closed above it, it can continue the movement until the specified resistance PRZ zone. to give
💎 Second scenario: If the support PRZ area is broken, this can lead to a continuing corrective lag and a combined correction and correct the whole wave up to 0.23.
If the behavior and structure of the post changes, it will be updated.
»»»«««»»»«««»»»«««
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support.
Sincerely.❤️
»»»«««»»»«««»»»«««
Note
According to the presented analysis, the movement path after hitting the PRZ area has encountered demand and is currently around the first target. Note
After the correction to the PRZ zone and the growth to Fibo 61.8, it has been corrected again to the PRZ zone, and this return can be used to collect liquidity to break the Fibo zone for the next target. If the post was useful for you, support it with like and comment. Note
According to the current momentum and bullish guard, it can touch the neck line of the $8 range in the next step and then touch the next PRZ area. Note
After retesting Fibo 61.8 and not being able to break the zone and stabilize it above for the second target, the PRZ zone is currently broken and this return can be a pullback to the broken structure. Therefore, in case of negative reaction and selling pressure in the area of the specified downward targets, it can be available.Note
According to the latest analysis presented after it penetrated below the PRZ zone, it touched the first bearish target and the daily candle shadow also extended to around 0.23 Fibo.If this post was useful for you, support it with like and comment.
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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.