DOT/USDT – 1H – SELLThe combination jumps from the bullish trendline down.
A descent downwards to the next support level at 3.979000000 is certain.
Caution: A possible counter-trend in the direction of resistance at 4.194000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 3.987004 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support zone at 4.194000000 could be enabled.
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 | 4.130000000 |
| Next Low | 3.979000000 |
| 2nd Low | 3.848000000 |
| 3rd Low |