Hello everyone, let's look at the 4H DOT to USDT chart as you can see that the price is moving in a sideways trend channel.
Let's start by setting goals for the near future that we can take into account:
T1 - $5.71
T2 - $5.79
T3 - $5.86
T4 - $5.93
and
T5 - $6.04
Now let's move on to the stop loss in case the market goes down further:
SL1 - $5.60
SL2 - $5.53
SL3 - $5.48
SL4 - $5.42
and
SL5 - $5.34
Looking at the CHOP indicator, we see that the energy is running out on the 4H interval.
The MACD indicator indicates that we are in a local downtrend.
On the other hand, the RSI indicates that we are quite close to the low and for a period of small accumulation.
Let's start by setting goals for the near future that we can take into account:
T1 - $5.71
T2 - $5.79
T3 - $5.86
T4 - $5.93
and
T5 - $6.04
Now let's move on to the stop loss in case the market goes down further:
SL1 - $5.60
SL2 - $5.53
SL3 - $5.48
SL4 - $5.42
and
SL5 - $5.34
Looking at the CHOP indicator, we see that the energy is running out on the 4H interval.
The MACD indicator indicates that we are in a local downtrend.
On the other hand, the RSI indicates that we are quite close to the low and for a period of small accumulation.