@crazino
$dot chart paints a clean bullish recovery story one that rewards patience and conviction.
After a massive rally from december lows to just under $8, price pulled back hard shaking out weak hands. what we’re seeing now is likely the end of a corrective phase, setting the stage for the next impulsive move.
This current low could mark the end of wave 2, with wave 3 lining up next. that’s typically the strongest leg in any elliott wave cycle. confirmation will come when price flips key resistance around $5.8 and holds. break that, and we start eyeing retests of previous highs.
If dot reclaims its bullish momentum, we could be looking at a full move back toward double digits in the coming months.
levels to watch:
– current range low: potential macro bottom
– $5.8: first major resistance and momentum pivot
– $8–$10: historical resistance and psychological zone
– $11+: full extension target of the structure
Invalidation below the recent low, but structure remains intact unless broken clean.
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