DOT/USDT – 1H – SELLThe pair jumps from the ascending trendline downwards
The bearish trend downwards to the next support level at 4.236000000 will continue.
Caution: A possible change in the direction of the resistance level at 4.483000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 4.228 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 4.483000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.658000000 |
| 2nd High | 4.558000000 |
| Next High | 4.483000000 |
| Current Price | 4.324000000 |
| Next Low | 4.236000000 |
| 2nd Low | 4.190000000 |
| 3rd Low | 3.973000000 |