DOT/USDT – 1H – BUYThe pair breaks through the descending trendline upwards
The bullish trend upwards to the next resistance at 4.212000000 will continue.
Caution: A possible reversal of the trend in the direction of the support level at 4.075000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Target of the current trend is 4.209866 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 4.212000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.270000000 |
| 2nd High | 4.234000000 |
| Next High | 4.212000000 |
| Current Price | 4.154000000 |
| Next Low | 4.075000000 |
| 2nd Low | 3.989000000 |
| 3rd Low | 3.973000000 |