Hello everyone, let's take a look at the DOT to USDT chart over the 4 hour timeframe. As you can see, the price is moving above the local downtrend line.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 5.75, if the support breaks down, the next support is 5.67, $ 5.60 and $ 5.53.
Now let's move from the resistance line as you can see the first resistance is $ 5.87, if you can break it the next resistance will be $ 5.96, $ 6.03 and $ 6.10.
Looking at the CHOP indicator, we can see that in the 4-hour interval we have a lot of energy, and the MACD indicator shows a local upward trend.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 5.75, if the support breaks down, the next support is 5.67, $ 5.60 and $ 5.53.
Now let's move from the resistance line as you can see the first resistance is $ 5.87, if you can break it the next resistance will be $ 5.96, $ 6.03 and $ 6.10.
Looking at the CHOP indicator, we can see that in the 4-hour interval we have a lot of energy, and the MACD indicator shows a local upward trend.
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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.