Considering the end of the Elliott cycle and the beginning of the correction, the market is expected to return from point b, which is 61.8% of the Fibo of the big wave.
Considering the counting of Elliot waves and double bottom alcove in the weekly time, as well as the candlestick pattern and Fibonacci percentages in the daily time, which show the strength of the buyers, price growth is not far from expected.
Due to the price's inability to break the resistance range, as well as the downtrend line break, and the double ceiling pattern, I expect the price to drop to the specified range.
Here is a potential triangle on the daily DODOUSDT chart. And now the price is at the end of the E wave, where there is a very important support. With about 10% of the capital, the buying position looks very good.
A potential triangle is forming. The best price for hunting is the end of the wave E, where the two trend lines as well as the 61% Fibonacci zone overlap.
Due to the formation of the head and shoulder pattern and stabilization on the neckline, the possibility of moving to the next zone is not far from expectation.
Due to the breakout of the mid-term and short-term trend line, as well as the stabilization on the specified zone and pullback to it, if you see a four-hour return candle like a hammer, you can enter the buying position until the specified target is.
Due to the breakout of the long-term trend line and pullback, it is possible to enter the buying position at a suitable point with the excellent risk to reward
In case of breakout of the long-term trend line and pullback to the desired zone, you can enter the buying position at a suitable point with the excellent risk to Reward.
