DOT / USDT 1H CHART - Resistance and Support
Hello everyone, let's look at the DOT to USDT chart on a 1-hour timeframe. As you can see, the price is moving above the local downtrend line.
Let's start with the support line and as you can see the first support in the near future is $6.03, if the support is broken then the next support is $5.96, $5.90 and $5.84.
Now let's go from the resistance line, as you can see the first significant resistance has been broken, the second resistance is $6.36, if you manage to break it, the next resistance will be $6.65.
Looking at the CHOP indicator, we see that the collected energy is used for the current increase, the MACD indicates a local uptrend, while the RSI has approached the upper limit of the range, which may give a temporary rebound.
Let's start with the support line and as you can see the first support in the near future is $6.03, if the support is broken then the next support is $5.96, $5.90 and $5.84.
Now let's go from the resistance line, as you can see the first significant resistance has been broken, the second resistance is $6.36, if you manage to break it, the next resistance will be $6.65.
Looking at the CHOP indicator, we see that the collected energy is used for the current increase, the MACD indicates a local uptrend, while the RSI has approached the upper limit of the range, which may give a temporary rebound.
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