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DOT / TetherUS
Short

DOTUSDT ( BREAKOUT CHANNEL ) (4H)

By ArinaKarayi
Updated
DOTUSDT

HELLO TRADERS

  • Tendency , the price is under downward pressure , until trading below turning level at 4.949

  • TURNING LEVEL : the price of this level at 4.949 , so until the price trade below this level indicates likely to reach a support level (1) , but if the breaking by open 4h candle above this level reach a resistance level (1) .

  • RESISTANCE ZONE : this zone between 5.532 and 5.958 , in order to see this zone the price need breaking turning level at 4.949 , breaking this price indicates an increase and reaching the resistance level (1) at 5.532 , then stabilizing above resistance level (1) likely to reach of a resistance level (2) at 5.598 , after breaking this zone it will be attempt to reach resistance level (3) at 6.532 , selling have already increase in this zone .

  • SUPPORT ZONE : this zone between 4.012 & 3.595 , until the price trading below turning level or stabilizing below this level indicates to reach of a support level (1) at 4.012 , by open 4h or 1h candle below support level (1) , it indicates to reaching support level (2) around 3.595

  • CORRECTIVE : the price corrective at 4.949, before dropping .


TARGET LEVEL :
  • RESISTANCE LEVEL : 5.532 , 5.958 , 6.532 .
  • SUPPORT LEVEL : 4.012 , 3.595 .
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the price it will be attempt to reserve turning level , before increase dropping to touch a support level (1) , beware during reserve the price may be breakout turning level to touch resistance level (1) .
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as mentioned the price corrective 4.949 before dropping , currently the price started a dropping .
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as mentioned corrective turning level before dropping , currently the price under downward pressure
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snapshot
until the price trading below the channel , likely to reach support level
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still continues a bearish trend
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until the price trading bellow channel , indicates to downward trading to reach support level (1) , but if the price breaking and remain above the channel leading rising to reach resistance level (1) .
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currently price trying yo reach support level (1)
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snapshot
possible the price rising to inside supply zone before starts a dropping .
analysisChart PatternscryptomarketcryptonewsDOTUSDTHarmonic Patternssupply_and_demandsupportandresistancezonestradingideastradingsignalsTrend Analysistrendtrading
ArinaKarayi

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