DOT/USDT – 1H – SELLThe combination jumps from the bullish trendline downwards
The bearish trend downwards to the next support at 4.334000000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance level at 4.615000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 4.288024 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support level at 4.615000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.964000000 |
| 2nd High | 4.858000000 |
| Next High | 4.615000000 |
| Current Price | 4.341000000 |
| Next Low | 4.334000000 |
| 2nd Low | 4.329000000 |
| 3rd Low | 4.199000000 |