DOT/USDT – 4H – SELLThe combination moves from the bullish trendline down.
A bearish movement down to the next support at 4.233000000 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 4.964000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 4.416 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support zone at 4.964000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 5.100000000 |
| Next High | 4.964000000 |
| Current Price | 4.627000000 |
| Next Low | 4.233000000 |
| 2nd Low | 3.973000000 |
| 3rd Low | 3.868000000 |