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Great opportunity in DOTBUSD 4H - Price correction!?

BINANCE:DOTBUSD   DOT / BUSD
Technical analysis regarding the price of POLKADOT in relation of dollar Binance for the next scenarios, based on 4 hour movement.

The price after this upward movement is correcting and is also accumulating very well ~ walking sideways on the chart ~ and, drawing Fibonacci projections, I get to where the price can actually finish correcting and thus proceed with its main bullish trend! I believe the price will reach the 0.618% region that coincides with support and will rise again.

Exponential Moving Averages gaining distance and the price is above it! Financial volume falling (I believe in the breath that the bulls are taking and will soon boost the price again!)

disclaimer
*** This is not a recommendation to purchase and/or sale. It is for educational purposes only. ***

Comments

Very resourceful, thanks for sharing.
+1 Reply