Hello everyone, let's look at the DOT to USDT chart on a 4-hour timeframe. As you can see, the price has left the local downtrend channel.
Let's start with the support line and as you can see the first support in the near future is $6.41, if the support is broken then the next support is $6.35 and $6.29.
Now let's move to the resistance line, as you can see the first resistance is $6.50, if you manage to break it, the next resistance will be $6.55, $6.62 and $6.72.
Looking at the CHOP indicator, we see that there is some energy left for further movement, the MACD indicates the maintenance of the local uptrend, while the RSI is moving in the lower part of the range with room for increases.
Let's start with the support line and as you can see the first support in the near future is $6.41, if the support is broken then the next support is $6.35 and $6.29.
Now let's move to the resistance line, as you can see the first resistance is $6.50, if you manage to break it, the next resistance will be $6.55, $6.62 and $6.72.
Looking at the CHOP indicator, we see that there is some energy left for further movement, the MACD indicates the maintenance of the local uptrend, while the RSI is moving in the lower part of the range with room for increases.