Long
Polkadot - Consolidation ended and going for a new high now
DOTBUSD - Looks like it finished a Flat correction. Notice how price stopped at the 127.2% Fib projection of wave a which is a usual termination point for wave C of a Flat correction.
Price is now at the VWAP from the high which could act as temporary resistance but as long as price remains above 26.6 I think it's going to go higher.
Since I don't know exactly where the beginning of wave 1 is (and using 0 doesn't really help), it's a bit difficult to pinpoint the termination point of wave 5, therefore we must be attentive to the price action once a new high is made.
First target zone though is at 56/63 followed by 89/91.
Price is now at the VWAP from the high which could act as temporary resistance but as long as price remains above 26.6 I think it's going to go higher.
Since I don't know exactly where the beginning of wave 1 is (and using 0 doesn't really help), it's a bit difficult to pinpoint the termination point of wave 5, therefore we must be attentive to the price action once a new high is made.
First target zone though is at 56/63 followed by 89/91.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Don't forget to like, share and follow !
Questions? Chat or Comment on Ideas
Thanks !
Questions? Chat or Comment on Ideas
Thanks !
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.