DOT/USDT – 30M – SELLThe pair jumps from the bullish trendline downwards
A descending movement down to the next support line at 4.190000000 is expected.
Caution: A possible reversal of the trend in the direction of resistance at 4.404000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 4.1885 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of support at 4.404000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.582000000 |
| 2nd High | 4.558000000 |
| Next High | 4.404000000 |
| Current Price | 4.286000000 |
| Next Low | 4.190000000 |
| 2nd Low | 4.179000000 |
| 3rd Low | 3.973000000 |