DOT/USDT – 4H – SELLThe pair moves from the bullish trendline downwards
A bearish descent downwards to the next support at 3.973000000 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 4.964000000 could happen.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 3.868 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support level at 4.964000000 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 5.100000000 |
| Next High | 4.964000000 |
| Current Price | 4.039000000 |
| Next Low | 3.973000000 |
| 2nd Low | 3.868000000 |
| 3rd Low |