DOT is currently meeting resistance at the bearish Order Book level.
if DOT can breakthrough, it can easily go to $25, with an additional volume and momentum on DOT,
DOT can also reclaim and test the Major 0.5 Fibonacci level at $30.
If dot fails to break the bearish order book, I would suspect DOT to retrace to $20 which is in line with DOT current trend line (Orange Line), and in the worst-case bull scenario,
DOT could test back the region between 0.5 and 0.618 minor Fibonacci level, as this is also where the bull Order Book that powers up the current upside reside currently, it will be a powerful support for DOT in the continuation of bull run.
Tell me what you guys think about this in the comment section below,
and do remember, this is not financial advice, do your own research, and trade at your own risk.
Thank you
if DOT can breakthrough, it can easily go to $25, with an additional volume and momentum on DOT,
DOT can also reclaim and test the Major 0.5 Fibonacci level at $30.
If dot fails to break the bearish order book, I would suspect DOT to retrace to $20 which is in line with DOT current trend line (Orange Line), and in the worst-case bull scenario,
DOT could test back the region between 0.5 and 0.618 minor Fibonacci level, as this is also where the bull Order Book that powers up the current upside reside currently, it will be a powerful support for DOT in the continuation of bull run.
Tell me what you guys think about this in the comment section below,
and do remember, this is not financial advice, do your own research, and trade at your own risk.
Thank you