DOT/USDT – 1H – BUYThe currency pair jumps from the ascending trendline down.
A descending movement down to the next support line at 4.968000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 5.478000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Current target is 5.478 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 5.478000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 5.478000000 |
| Current Price | 5.347000000 |
| Next Low | 4.968000000 |
| 2nd Low | 4.314000000 |
| 3rd Low | 4.239000000 |