DOT/USDT – 1H – BUYThe currency pair breaks through the descending trendline upwards
An ascending movement upwards to the next resistance level at 4.832000000 will continue.
Caution: A possible reversal of the trend in the direction of the support zone at 4.753000000 could occur.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Target of the current trend is 4.964 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of resistance at 4.832000000 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 5.100000000 |
| 2nd High | 4.964000000 |
| Next High | 4.832000000 |
| Current Price | 4.803000000 |
| Next Low | 4.753000000 |
| 2nd Low | 4.564000000 |
| 3rd Low | 4.233000000 |