DOT/USDT – 1H – SELLThe pair jumps from the ascending trendline down.
A bearish trend down to the next support at 4.075000000 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 4.272000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 4.075 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support level at 4.272000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.858000000 |
| 2nd High | 4.563000000 |
| Next High | 4.272000000 |
| Current Price | 4.100000000 |
| Next Low | 4.075000000 |
| 2nd Low | 3.989000000 |
| 3rd Low | 3.973000000 |