DOT/USDT – 30M – SELLThe pair jumps from the bullish trendline downwards
The bearish trend downwards to the next support at 4.756000000 will continue.
Caution: A possible counter-trend in the direction of resistance at 4.930000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 4.754 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of support at 4.930000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.964000000 |
| 2nd High | 4.941000000 |
| Next High | 4.930000000 |
| Current Price | 4.793000000 |
| Next Low | 4.756000000 |
| 2nd Low | 4.754000000 |
| 3rd Low | 4.564000000 |