DOT/USDT – 4H – BUYThe pair goes from the ascending trendline upwards
A continuation of the uptrend upwards to the next resistance line at 4.558000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the support zone at 4.058000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 4.484 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 4.558000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 5.942000000 |
| 2nd High | 5.100000000 |
| Next High | 4.558000000 |
| Current Price | 4.243000000 |
| Next Low | 4.058000000 |
| 2nd Low | 3.868000000 |
| 3rd Low |