DOT/USDT – 4H – BUYThe pair breaks through the descending trendline up.
An ascent upwards to the next resistance at 4.964000000 is expected.
Caution: A possible change in the direction of the support line at 3.989000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is expected. Current target is 4.4685 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance level at 4.964000000 could occur.
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 | 4.204000000 |
| Next Low | 3.989000000 |
| 2nd Low | 3.973000000 |
| 3rd Low | 3.868000000 |