After some bounce up, towards to 4.8$ level, where the coin rejected after touching 3 Week FVG or 50 ema on D TF
The coin has very strong "buy zone" between 3.8 - 4.1$ price levels. I also highlighted that zone with blue circle. Where you can see that the coin was consolidating pretty long between those levels.
Currently as most Alt coins, DOT looks pretty bearish.
There are 2 ways of possible price action.
1. The coin comes to the "BUY" zone that I mentioned above, consolidates and bounces back to 4.3$ that will be 1st resistance to break after the drop towards to "Buy Zone"
Only after breaking above 4.3$ we can expect continuation of the price towards to 4.8$ (another resistance zone)
2. The coin comes to "Buy zone" and doesnt manage to bounce back to break above 4.3$
Continues consolidation with downtrend, at the end we see that coin breaks below 3.8$ in this case we can see the coin around 3.2$ or even lower. (green lines that you can see)
The coin has very strong "buy zone" between 3.8 - 4.1$ price levels. I also highlighted that zone with blue circle. Where you can see that the coin was consolidating pretty long between those levels.
Currently as most Alt coins, DOT looks pretty bearish.
There are 2 ways of possible price action.
1. The coin comes to the "BUY" zone that I mentioned above, consolidates and bounces back to 4.3$ that will be 1st resistance to break after the drop towards to "Buy Zone"
Only after breaking above 4.3$ we can expect continuation of the price towards to 4.8$ (another resistance zone)
2. The coin comes to "Buy zone" and doesnt manage to bounce back to break above 4.3$
Continues consolidation with downtrend, at the end we see that coin breaks below 3.8$ in this case we can see the coin around 3.2$ or even lower. (green lines that you can see)