DOT/USDT – 1H – BUYThe currency pair breaks through the descending trendline upwards
A bullish movement up to the next resistance level at 4.251000000 is expected.
Caution: A possible trend reversal in the direction of the support level at 4.004000000 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Current target is 4.251 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance line at 4.251000000 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.437000000 |
| 2nd High | 4.260000000 |
| Next High | 4.251000000 |
| Current Price | 4.197000000 |
| Next Low | 4.004000000 |
| 2nd Low | 3.979000000 |
| 3rd Low | 3.848000000 |