DOT/USDT – 30M – SELLThe currency pair goes from the ascending trendline downwards
A bearish descent down to the next support level at 4.590000000 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 4.686000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is expected. Current target is 4.579092 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 4.686000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.896000000 |
| 2nd High | 4.895000000 |
| Next High | 4.686000000 |
| Current Price | 4.670000000 |
| Next Low | 4.590000000 |
| 2nd Low | 4.486000000 |
| 3rd Low | 4.334000000 |