DOTUSD - Long Position to approximately 51.3274 by July.
Technical Analysis
1. Flag Pattern
2. Expect the market to fall to 32.9001 at Fibbonacci Retracement level of 0.618 (Golden Zone) which will also be at major structure levels
3. Using Fibbonacci Expansion we then determine the limit of the next rise which would also be approximately 80% of our 1st part of our flagpole
PLEASE NOTE THAT WE WILL EXPECT A FALL FIRST TO 32.9000 BEFORE THE RISE!
1. Flag Pattern
2. Expect the market to fall to 32.9001 at Fibbonacci Retracement level of 0.618 (Golden Zone) which will also be at major structure levels
3. Using Fibbonacci Expansion we then determine the limit of the next rise which would also be approximately 80% of our 1st part of our flagpole
PLEASE NOTE THAT WE WILL EXPECT A FALL FIRST TO 32.9000 BEFORE THE RISE!