DOCK/BTC is currently consolidating on the .5 fib level.

DOCK/BTC has been consolidating nicely on the .5 fib level around 430-440. We can see DOCK/BTC has held the .5 fib level on numerous occasions following its huge run-up to 680 sat's. We have the 50 EMA on the 4-hour acting as support in conjunction with the .5 fib level, and we have the 100 EMA on the 4-hour just below the .5 fib level with the 200 EMA on the 4-hour right around the .382 fib level on my chart. We can also see the RSI has held fairly nicely on my light-blue support line over the past couple days. I think we have a lot of confluence around the .5 fib level which will be hard for sellers to break, and we have seen evidence of that with the numerous retests of the .5 fib level over the last couple days following that huge move to 680 sat's. I suspect the most likely scenario is a move up near the .618 fib level around 500, as we've seen this area act as strong resistance on a few occasions. If we break below the .5 fib level and below the 100 EMA on the 4-hour, there is a good chance we could retest the .382 fib level around 380.

Entry:
440-450 (slightly above the .5 fib level and on/slightly above the 50 EMA on the 4-hour)

Target 1: 494-500 (.618 fib level.)
Target 2: 570-580 (.786 fib level.)
Target 3: 675-685 (1 fib level.)

Stop-loss:
400-410 (below the .5 fib level and below the 50/100 EMA's on the 4-hour chart.)

--This is not financial advice. Always do your own research and come to your own conclusions before buying/investing, as investing in cryptocurrencies comes with high risk and high amounts of volatility.