DOT/USDT – 1H – SELLThe pair jumps from the bullish trendline downwards
A bearish trend downwards to the next support line at 3.979000000 is considered certain.
Caution: A possible change in the direction of resistance at 4.055000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 3.987004 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support zone at 4.055000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.260000000 |
| 2nd High | 4.194000000 |
| Next High | 4.055000000 |
| Current Price | 4.016000000 |
| Next Low | 3.979000000 |
| 2nd Low | 3.848000000 |
| 3rd Low |