DOT/USDT – 1H – SELLThe pair jumps from the ascending trendline downwards
A bearish descent down to the next support line at 4.199000000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 4.535000000 should be noted.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 4.3105 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 4.535000000 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.858000000 |
| 2nd High | 4.563000000 |
| Next High | 4.535000000 |
| Current Price | 4.383000000 |
| Next Low | 4.199000000 |
| 2nd Low | 4.146000000 |
| 3rd Low | 4.086000000 |