DOT/USDT – 30M – SELLThe currency pair jumps from the ascending trendline downwards
A bearish descent down to the next support level at 4.392000000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance zone at 4.563000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered 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 4.563000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.858000000 |
| 2nd High | 4.729000000 |
| Next High | 4.563000000 |
| Current Price | 4.430000000 |
| Next Low | 4.392000000 |
| 2nd Low | 4.334000000 |
| 3rd Low | 4.233000000 |