DOT/USDT – 30M – SELLThe currency pair goes from the ascending trendline down.
A descent down to the next support at 4.852000000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance line at 4.941000000 could happen.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 4.859 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 4.941000000 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 5.100000000 |
| 2nd High | 4.964000000 |
| Next High | 4.941000000 |
| Current Price | 4.894000000 |
| Next Low | 4.852000000 |
| 2nd Low | 4.849000000 |
| 3rd Low | 4.756000000 |