DOT/USDT – 1H – SELLThe currency pair jumps from the descending trendline downwards
A continuation of the bearish trend downwards to the next support line at 4.130000000 is certain.
Caution: A possible reversal of the trend in the direction of resistance 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 0.5-Level.Continuation of the current descending trend is certain. Current target is 4.117158 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support zone 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 | 4.131000000 |
| Next Low | 4.130000000 |
| 2nd Low | 4.075000000 |
| 3rd Low | 3.989000000 |