TradingView
CrashWhen
Nov 9, 2022 3:44 AM

DOT: Cycle bottom in at $4.3? Short

DOT / US DollarBinance

Description

DOT could be trading in a 1:1.618 ABC expanded flat correction with bottom targets at the cluster of fibs/support at ~$4.3. Dot just crossed another fib ring, so good chance the breakdown is coming soon. Looking at the volume profile, the most amount of DOT accumulated was also at $4.3. As DOT capitulates, I'd like to see more volume come in to signify a bottom.
Comments
SwallowPremium
Great insight, keep them coming!
More