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.
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