cryptodailyuk

DOT / USDT 1D CHART - Resistance and Support

BINANCE:DOTUSDT.P   DOT / TetherUS PERPETUAL CONTRACT
Hello everyone, I invite you to review the DOTUSDT chart on a one-day interval, as we can see, the price went down from the triangle in which we were moving and is currently below the downtrend line marked in yellow.

In terms of support, we can see that we have touched the upper border of the support zone which runs from $5,121 to $4,957, however, if we fall below this zone, the price may drop to around $4.48.

Looking the other way, it is worth determining the current resistance points for the price and so we see that we have the first resistance at $5,243, the second at $5,419, the third at $5,565, then $5.71 and $5,916.

As we can see on the CHOP index, there is a lot of energy for the next move, the MACD indicates that we are on the verge of entering a downtrend, and the RSI that we are below half, however, we still have room for a larger drop, so be careful.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.