DOT/USDT – 1H – SELLThe pair moves from the ascending trendline down.
A bearish movement downwards to the next support line at 4.045000000 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 4.272000000 could happen.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 4.045 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support zone at 4.272000000 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.858000000 |
| 2nd High | 4.563000000 |
| Next High | 4.272000000 |
| Current Price | 4.046000000 |
| Next Low | 4.045000000 |
| 2nd Low | 3.989000000 |
| 3rd Low | 3.973000000 |