Hello everyone, I invite you to review the DOT chart in pair to USDT, on a one-day timeframe. As we can see, the price is currently based on the downtrend line.
Going further, we can move on to marking support areas in a situation where the current correction is deepened. And here, the first support is at $6.02, then we have the support zone from $5.68 to $5.33, the next support is at $4.84, and then at $4.21, where the last low is.
Looking the other way, we see that the price must first overcome the strong resistance from $6.96 to $7.59, which has not been broken so far. Only when the price breaks through this zone will it be able to move towards $8.49 and then $9.66.
Please look at the CHOP index, which despite the correction indicates that there is a lot of energy, the MACD indicates a downward trend, while the RSI shows a further rebound, but there is still room for a larger price drop.
Going further, we can move on to marking support areas in a situation where the current correction is deepened. And here, the first support is at $6.02, then we have the support zone from $5.68 to $5.33, the next support is at $4.84, and then at $4.21, where the last low is.
Looking the other way, we see that the price must first overcome the strong resistance from $6.96 to $7.59, which has not been broken so far. Only when the price breaks through this zone will it be able to move towards $8.49 and then $9.66.
Please look at the CHOP index, which despite the correction indicates that there is a lot of energy, the MACD indicates a downward trend, while the RSI shows a further rebound, but there is still room for a larger price drop.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.