DOT/USDT – 4H – SELLThe pair moves from the descending trendline down.
A continuation of the downtrend down to the next support line at 4.233000000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance level at 4.964000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 4.102544 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support level at 4.964000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 5.100000000 |
| Next High | 4.964000000 |
| Current Price | 4.263000000 |
| Next Low | 4.233000000 |
| 2nd Low | 3.973000000 |
| 3rd Low | 3.868000000 |