DOT/USDT – 1H – BUYThe pair jumps from the descending trendline up.
A bullish movement up to the next resistance at 4.270000000 will continue.
Caution: A possible change in the direction of support at 4.051000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke the Fibonacci 0-Level.Continuation of the current ascending trend will continue. Current target is 4.241452 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance zone at 4.270000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.858000000 |
| 2nd High | 4.563000000 |
| Next High | 4.270000000 |
| Current Price | 4.117000000 |
| Next Low | 4.051000000 |
| 2nd Low | 3.973000000 |
| 3rd Low | 3.929000000 |