The price reaction to channel middle line and indicators show that DOT will have a bear action soon. both scenarios are shown in the chart.
indicator and chart pattern shows a bear act toward the shown target
Chart could not manage to cross the channel middle line and indicators show a probable bear or range action.
All settings for stoch-rsi indicator in weekly time frame shows that we are on buy saturation region. and also ELLIOT analysis shows that it is possible to reach 42000 box before reaching the last ATH.
if daily candle closes above the kijunsen it can be a trigger for a big bull run. attention: it all depends on bull run in BTC.
DOT has broken the B top in ABC retracement , so we can say retracement is finished. i wait for pull back to broken level to enter the big game in this market cycle.
If bitcoin holds theses levels, can follow this scenario.
this coin has finished a tripple bottom reversal pattern and the lowest target would be last ATH
bit coin is trapped in two lines of a master candle. breaking each of these red lines, predicts the next 24 hours.
the shown target can be the 3th wave target. but it is the smallest target for this wave
Based on candlestick pattern i can say that the price will pullback to the channel top. but momentum shows that it is possible to break this level.(1.36827) however final target is shown in blue box
although classic technical is not my personal method, but i see an obvious bull action in reef to the first target and maybe beyond
obviously time retracement will not finish before april 28th. also note that price is not retraced deeply. so any buy action before breaking the last ATH is really really RISKY
any significant cross in momentum oscillator in blue box can be a 4th wave and a buy signal. the first target is shown by horizontal line
will go down to create a 4 microwave and then continues bull run