DOT/USDT – 1H – SELLThe currency pair jumps from the descending trendline down.
A continuation of the downward movement down to the next support level at 4.075000000 is certain.
Caution: A possible counter-trend in the direction of resistance at 4.212000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 4.1295 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 4.212000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.270000000 |
| 2nd High | 4.234000000 |
| Next High | 4.212000000 |
| Current Price | 4.161000000 |
| Next Low | 4.075000000 |
| 2nd Low | 3.989000000 |
| 3rd Low | 3.973000000 |