DOT/USDT – 1H – SELLThe combination goes from the ascending trendline down.
A descent downwards to the next support level at 4.968000000 is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 5.478000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is expected. Current target is 5.139812 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support line at 5.478000000 should always be considered.
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 | 5.337000000 |
| Next Low | 4.968000000 |
| 2nd Low | 4.314000000 |
| 3rd Low | 4.239000000 |