💲 Dot 0.618 Within Reach 💲

21 בינו׳ 2023

💲 Dot 0.618 within reach

💲 Nearest strong support zone: around the 0.236 fibo level of the downward wave.

💲 Nearest strong resistance zone: around the 0.618 fibo level of the downward wave.

💲 Technical environment:

- Moving averages: 50/50

- MACD: Uptrend

- RSI: Uptrend

💲 Price action: Dot continues its path northward bouncing perfectly from the support zone set by the fibo level of 0.236 of the downward wave. After such a quick return, there is a very high chance of seeing the 0.618 level of the downward wave in the next few days.

💲 The scenario I'm playing out is a continuation of the upside to the 0.618 area of the downward wave. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

💲 Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.

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