Hello everyone, let's take a look at the DOT to USDT chart over the 1 day timeframe. As you can see, the price is moving in the downtrend channel.
Let's start with the support line and as you can see we are in the support zone from $ 11.36 to $ 8.07, then the first support in the near future is $ 7.28, if the support breaks, the next one is $ 4.34.
Now let's move from the resistance line, as you can see the first resistance is $ 11.24, if you can break it the next resistance will be $ 13.68 and $ 15.63 plus $ 17.59.
Looking at the CHOP indicator, we can see that we have a lot of energy in the 1-day range, looking at the MACD indicator we can see that the blue line is moving over the red one, but when it crosses the red one from above, it will confirm the continuation of the downward trend.
Let's start with the support line and as you can see we are in the support zone from $ 11.36 to $ 8.07, then the first support in the near future is $ 7.28, if the support breaks, the next one is $ 4.34.
Now let's move from the resistance line, as you can see the first resistance is $ 11.24, if you can break it the next resistance will be $ 13.68 and $ 15.63 plus $ 17.59.
Looking at the CHOP indicator, we can see that we have a lot of energy in the 1-day range, looking at the MACD indicator we can see that the blue line is moving over the red one, but when it crosses the red one from above, it will confirm the continuation of the downward trend.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.