Hello, Skyrexians!
Recently we have already made analysis on
DOTUSDT before the dump, where pointed out that wave 5 to the downside ahead. Asset has finally reached the minimal target at $3.8 and now we have a question if it's going to reverse or $2 is next.
Let's take a look at the daily time frame. We can see the Elliott waves structure and wave 5 can be finished anytime now. Our best practice to find the reversals is the green dot on the Bullish/Bearish Reversal Bar Indicator [Skyrexio] and the divergence with Awesome Oscillator. Now we can see all these conditions, but bullish reversal bar is still unconfirmed, while it's high is going to be broken, the danger will be melted, but now we still have a chance to go down.
Also wanna notice the false signals on the indicator. All of them are placed inside the range and cannot be counted as valid. Take it into account when use it.
Best regards,
Skyrexio Team
___________________________________________________________
Please, boost this article and subscribe our page if you like analysis!
Recently we have already made analysis on
DOTUSDT before the dump, where pointed out that wave 5 to the downside ahead. Asset has finally reached the minimal target at $3.8 and now we have a question if it's going to reverse or $2 is next.Let's take a look at the daily time frame. We can see the Elliott waves structure and wave 5 can be finished anytime now. Our best practice to find the reversals is the green dot on the Bullish/Bearish Reversal Bar Indicator [Skyrexio] and the divergence with Awesome Oscillator. Now we can see all these conditions, but bullish reversal bar is still unconfirmed, while it's high is going to be broken, the danger will be melted, but now we still have a chance to go down.
Also wanna notice the false signals on the indicator. All of them are placed inside the range and cannot be counted as valid. Take it into account when use it.
Best regards,
Skyrexio Team
___________________________________________________________
Please, boost this article and subscribe our page if you like analysis!
Turn TradingView indicator & strategy alerts into automated trades on major crypto exchanges using no-code bots
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Start free at skyrexio.com
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Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Turn TradingView indicator & strategy alerts into automated trades on major crypto exchanges using no-code bots
Start free at skyrexio.com
Start free at skyrexio.com
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.