BINANCE:DOTUSDT Hello everyone 😃 Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it !
#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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#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.
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