DOT/USDT – 30M – SELLThe combination jumps from the ascending trendline down.
A descent downwards to the next support at 4.908000000 is likely expected.
Caution: A possible change in the direction of the resistance line at 5.430000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 5.127716 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 5.430000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 5.839000000 |
| Next High | 5.430000000 |
| Current Price | 5.296000000 |
| Next Low | 4.908000000 |
| 2nd Low | 4.314000000 |
| 3rd Low | 4.239000000 |