DOT/USDT 4HInterval Resistance and Support
Hello everyone, welcome to the DOT chart on today's chart of USDT pair, on a one-day time frame. First, we will use the yellow line to mark the downtrend line from which the price has increased.
Moving forward, we can move on to marking support areas as we begin a major correction. And here we see the price is just below the first support, then we have the $6.11 to $5.93 support zone ahead of the price, the third support at $5.74 and then the fourth support at $5.49.
Looking the other way, we see first resistance at $6.53, then second resistance at $6.86, then third resistance at $7.32
Please look at the CHOP index which indicates we have a lot of energy for the move ahead, the MACD indicates we have entered a downtrend while the RSI is in recovery.
Moving forward, we can move on to marking support areas as we begin a major correction. And here we see the price is just below the first support, then we have the $6.11 to $5.93 support zone ahead of the price, the third support at $5.74 and then the fourth support at $5.49.
Looking the other way, we see first resistance at $6.53, then second resistance at $6.86, then third resistance at $7.32
Please look at the CHOP index which indicates we have a lot of energy for the move ahead, the MACD indicates we have entered a downtrend while the RSI is in recovery.
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