DOT/USDT – 1H – BUYThe combination breaks through the descending trendline upwards
A bullish trend up to the next resistance line at 3.931000000 is expected.
Caution: A possible reversal of the trend in the direction of the support zone at 3.744000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Target of the current trend is 3.925166 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 3.931000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.996000000 |
| 2nd High | 3.949000000 |
| Next High | 3.931000000 |
| Current Price | 3.845000000 |
| Next Low | 3.744000000 |
| 2nd Low | 3.665000000 |
| 3rd Low |