DOT/USDT – 30M – SELLThe pair moves from the ascending trendline down.
A descending movement downwards to the next support line at 4.682000000 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 4.832000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Target of the current trend is 4.748552 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support line at 4.832000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.941000000 |
| 2nd High | 4.930000000 |
| Next High | 4.832000000 |
| Current Price | 4.778000000 |
| Next Low | 4.682000000 |
| 2nd Low | 4.564000000 |
| 3rd Low | 4.486000000 |