DOT/USDT – 1H – BUYThe combination moves from the bullish trendline downwards
A descending movement downwards to the next support line at 3.979000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 4.194000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Current target is 4.310954 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 4.194000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.437000000 |
| 2nd High | 4.260000000 |
| Next High | 4.194000000 |
| Current Price | 4.183000000 |
| Next Low | 3.979000000 |
| 2nd Low | 3.848000000 |
| 3rd Low |