DOT/USDT – 30M – BUYThe pair goes from the ascending trendline down.
A descending movement down to the next support line at 4.908000000 is likely expected.
Caution: A possible change in the direction of the resistance zone at 5.430000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Current target is 5.3735 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance zone at 5.430000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Three White Soldiers’ candle pattern is existing. The candles form ‘Three White Soldiers’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 5.839000000 |
| Next High | 5.430000000 |
| Current Price | 5.192000000 |
| Next Low | 4.908000000 |
| 2nd Low | 4.314000000 |
| 3rd Low | 4.239000000 |