DOT/USDT – 30M – BUYThe currency pair goes from the bullish trendline downwards
A descent down to the next support level at 4.199000000 is expected.
Caution: A possible trend reversal in the direction of the resistance line at 4.437000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is expected. Target of the current trend is 4.407 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance line at 4.437000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.729000000 |
| 2nd High | 4.615000000 |
| Next High | 4.437000000 |
| Current Price | 4.313000000 |
| Next Low | 4.199000000 |
| 2nd Low | 4.173000000 |
| 3rd Low | 4.146000000 |