DOT/USDT – 4H – SELLThe currency pair moves from the ascending trendline down.
A descending movement down to the next support line at 4.058000000 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 4.558000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 3.868 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support line at 4.558000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 5.942000000 |
| 2nd High | 5.100000000 |
| Next High | 4.558000000 |
| Current Price | 4.135000000 |
| Next Low | 4.058000000 |
| 2nd Low | 3.868000000 |
| 3rd Low |