DOT respecting 20MA and FIB circles?

9 sept. 2020

Here’s an observation and by no means a crystal ball.

DOT seems to be getting rejected by the 20 Day Moving Average. It is also has a good track record of respecting the FIB circles.

Looks like it could either trade sideways around 4.19 (retracement line 1) or we could see a further drop to to around 3.60 (retracement line 2).
Either way, it looks like a big move coming in the next day or so when we cross the next circle on my chart.
Hit me like if you find this interesting, thanks.

This is for educational and discussion purposes only. NOT FINANCIAL ADVICE, do your own research etc.
‼️ Please don’t take my comments or charts as financial advice, or otherwise… IF ANYTHING, I’M USUALLY WRONG 😉

11 sept. 2020

Note

Touching the FIB circle within the range.
Seeing a candle on the 20 day moving average, which is currently a strong pivot point providing support or rejection.
On the 4 hour we are touching the 20MA. If are rejected on the 20MA 4hr, the trend looks like a push down.

For me, it's a case of sit and watch. The next couple of days could be very volatile in crypto overall with a sell-off going on in stocks (TSLA). Feds are continuing to try and pump it. I'm thinking more short term downward volatility followed by a surprise pump in the lead up to 'Battery Day' Sept 22.

Crypto being crypto, this could go either way and nothing surprises me. So be careful out there.

This is for educational and discussion purposes only. NOT FINANCIAL ADVICE, do your own research etc.
‼️ Please don’t take my comments or charts as financial advice, or otherwise… IF ANYTHING, I’M USUALLY WRONG 😉