DOT on 1 day TF
my Idea about DotUsd
As we can see we had 5 upward waves and then we had Divergence formed on the RSI indicator,
Then the price began to correct in waves, then retested the 0.382 Fibonacci level, but it was rejected.
Now there is one scenario that will happen out of 2:
Scenario 1: The price will retest the 0.382 Fibonacci llevel, and the price will be rejected from it, and the price will fall further retest the 0.786 Fibonacci level.
Scenario 2: The second scenario: the price will penetrate the 0.382 Fibonacci level, and rise to retest the Last HH level before correction, 0Febonacci level.
As we can see we had 5 upward waves and then we had Divergence formed on the RSI indicator,
Then the price began to correct in waves, then retested the 0.382 Fibonacci level, but it was rejected.
Now there is one scenario that will happen out of 2:
Scenario 1: The price will retest the 0.382 Fibonacci llevel, and the price will be rejected from it, and the price will fall further retest the 0.786 Fibonacci level.
Scenario 2: The second scenario: the price will penetrate the 0.382 Fibonacci level, and rise to retest the Last HH level before correction, 0Febonacci level.
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