Hello everyone, let's look at the DOT to USDT chart on a one-day time frame. As you can see, the price is moving below the downtrend line.
Let's start with the support line and as you can see the first support in the near future is $5, if the support is broken then the next support is $4.72, and then the third support at $4.50.
Now let's move on to the resistance line, as you can see the first resistance is at $5.56, if it is broken then the next resistance will be at $5.83, the third at $6.05 and the fourth at $6.27.
Looking at the CHOP indicator, we see that the energy is gathering strength, the MACD remains in a downward trend, while the RSI is moving at the lower limit, which affected the slowdown of the correction.
Let's start with the support line and as you can see the first support in the near future is $5, if the support is broken then the next support is $4.72, and then the third support at $4.50.
Now let's move on to the resistance line, as you can see the first resistance is at $5.56, if it is broken then the next resistance will be at $5.83, the third at $6.05 and the fourth at $6.27.
Looking at the CHOP indicator, we see that the energy is gathering strength, the MACD remains in a downward trend, while the RSI is moving at the lower limit, which affected the slowdown of the correction.