DOT/USDT – 1H – SELLThe currency pair jumps from the bullish trendline down.
A bearish descent down to the next support level at 4.233000000 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 4.858000000 should be noted.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is certain. Current target is 4.392 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 4.858000000 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 5.100000000 |
| 2nd High | 4.964000000 |
| Next High | 4.858000000 |
| Current Price | 4.294000000 |
| Next Low | 4.233000000 |
| 2nd Low | 4.190000000 |
| 3rd Low | 3.973000000 |