The price got a rejection from 23.37 where the price created a double top on it. the 23$ Area is the main resistance for DOT.
On the 4h Timeframe, the price is testing the 0.886 Fibonacci level on the daily support.
How to approach? The price needs to flip the 4h resistance on 18$ and confirm the flip. If the price is going to satisfy our rules, we could see a pullback until the weekly resistance on 19$
Comment
so far so good. the price is following my drawing
Comment
the price is following my drawing, 5% so far
Comment
The price is trying to retest the 0.618 Fibonacci level.
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.