DYNEX - REQUIRED CORRECTION TO 0.236 FIBO

Hello everyone! Update on DYNEX idea.

As I wrote earlier on coinmarketcap that after breaking through the resistance zone around $0.36 we can expect the continuation of the upward movement up to $1.8, which is the zone of working out the figure of technical analysis ascending triangle.

But the growth cannot be without correction, so let's consider variants of price movement.

The first - correction can be up to the local uptrend line in the area of 0.56-0.59$.

The second - correction to the level of 0.236 Fibonacci or 0.51$. This option is more logical for me as after a strong growth it is necessary to let the asset cool down.

The asset should not fall below $0.40 as there are two more factors supporting the price: the global uptrend line and EMA 200.

What do you think? Write in the comments.

This is not a financial recommendation, everything you do is at your own risk.