DOT/USDT – 30M – SELLThe currency pair jumps from the ascending trendline downwards
A bearish descent downwards to the next support at 4.753000000 will persist.
Caution: A possible trend reversal in the direction of the resistance line at 4.930000000 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend is 4.753 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support line at 4.930000000 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.964000000 |
| 2nd High | 4.941000000 |
| Next High | 4.930000000 |
| Current Price | 4.770000000 |
| Next Low | 4.753000000 |
| 2nd Low | 4.564000000 |
| 3rd Low | 4.486000000 |