DOT/USDT – 1H – SELLThe pair goes from the ascending trendline downwards
A bearish trend down to the next support at 4.233000000 will continue.
Caution: A possible change in the direction of resistance at 4.858000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 4.389434 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support level at 4.858000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 5.100000000 |
| 2nd High | 4.964000000 |
| Next High | 4.858000000 |
| Current Price | 4.549000000 |
| Next Low | 4.233000000 |
| 2nd Low | 4.190000000 |
| 3rd Low | 3.973000000 |