DOT/USDT – 30M – SELLThe currency pair moves from the bullish trendline down.
A bearish trend downwards to the next support level at 4.236000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 4.483000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 4.252702 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support zone at 4.483000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.582000000 |
| 2nd High | 4.558000000 |
| Next High | 4.483000000 |
| Current Price | 4.273000000 |
| Next Low | 4.236000000 |
| 2nd Low | 4.190000000 |
| 3rd Low | 4.179000000 |