DYNEX - REQUIRED CORRECTION TO 0.236 FIBO
Hello everyone! Update on DYNEX idea.
As I wrote earlier on coinmarketcap that after breaking through the resistance zone around $0.36 we can expect the continuation of the upward movement up to $1.8, which is the zone of working out the figure of technical analysis ascending triangle.
But the growth cannot be without correction, so let's consider variants of price movement.
The first - correction can be up to the local uptrend line in the area of 0.56-0.59$.
The second - correction to the level of 0.236 Fibonacci or 0.51$. This option is more logical for me as after a strong growth it is necessary to let the asset cool down.
The asset should not fall below $0.40 as there are two more factors supporting the price: the global uptrend line and EMA 200.
What do you think? Write in the comments.
This is not a financial recommendation, everything you do is at your own risk.
As I wrote earlier on coinmarketcap that after breaking through the resistance zone around $0.36 we can expect the continuation of the upward movement up to $1.8, which is the zone of working out the figure of technical analysis ascending triangle.
But the growth cannot be without correction, so let's consider variants of price movement.
The first - correction can be up to the local uptrend line in the area of 0.56-0.59$.
The second - correction to the level of 0.236 Fibonacci or 0.51$. This option is more logical for me as after a strong growth it is necessary to let the asset cool down.
The asset should not fall below $0.40 as there are two more factors supporting the price: the global uptrend line and EMA 200.
What do you think? Write in the comments.
This is not a financial recommendation, everything you do is at your own risk.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.