DOT/USDT – 1H – BUYThe currency pair breaks through the descending trendline up.
An ascending movement upwards to the next resistance at 4.272000000 will continue.
Caution: A possible counter-trend in the direction of the support line at 4.075000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Target of the current trend is 4.272 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance line at 4.272000000 should always be considered.
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 | 4.272000000 |
| Current Price | 4.241000000 |
| Next Low | 4.075000000 |
| 2nd Low | 3.989000000 |
| 3rd Low | 3.973000000 |