Hello everyone, I invite you to review the DOTUSDT 1-day chart. It is worth starting by marking with the yellow lines of the downtrend triangle in which we have been moving for over a year, but we are approaching the direction of the price. However, locally, as we can see, the price is below the downtrend line.
Now, using the Fib Retracement tool, we will check where we currently have support for the price and here we have the first support at the price of $ 5, from which the price has already rebounded three times, but if the support is broken, we have another support at the price of $ 4.55 and $ 3.82.
Looking the other way, we will set the DOT resistance points in the same way and here we have the first resistance at the price of $5.57, the second at the price of $5.92, the third at the price of $6.21 and the fourth at the price of $6.50.
On the CHOP index, we see quite a lot of energy, the MACD indicator indicates the entry into a downtrend, while on the RSI we are below half, there is still room for a larger correction.
Now, using the Fib Retracement tool, we will check where we currently have support for the price and here we have the first support at the price of $ 5, from which the price has already rebounded three times, but if the support is broken, we have another support at the price of $ 4.55 and $ 3.82.
Looking the other way, we will set the DOT resistance points in the same way and here we have the first resistance at the price of $5.57, the second at the price of $5.92, the third at the price of $6.21 and the fourth at the price of $6.50.
On the CHOP index, we see quite a lot of energy, the MACD indicator indicates the entry into a downtrend, while on the RSI we are below half, there is still room for a larger correction.
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.