DOT Short-Term 1H
I invite you to review the chart of DOT in pair with USDT, on a one-hour interval. First, we will use the yellow line to mark the local upward trend line from which the price came out on top.
Going further, we can move on to marking support areas when we start a larger correction. And here we can see that the price remains in a strong support zone from $4.06 to $3.97, but when this zone is broken we may see a drop to the area of the second zone from $3.84 to $3.78.
Looking the other way, it is worth starting by marking the important resistance zone from $4.17 to $4.22, and then before larger increases the price must overcome the resistance at $4.30.
Please look at the CHOP index, which indicates that there is a lot of energy for the upcoming move, the STOCH indicator shows that there is room for the price to go a little higher, similarly on the RSI indicator, we are moving in the lower part, which may result in a rebound.
Going further, we can move on to marking support areas when we start a larger correction. And here we can see that the price remains in a strong support zone from $4.06 to $3.97, but when this zone is broken we may see a drop to the area of the second zone from $3.84 to $3.78.
Looking the other way, it is worth starting by marking the important resistance zone from $4.17 to $4.22, and then before larger increases the price must overcome the resistance at $4.30.
Please look at the CHOP index, which indicates that there is a lot of energy for the upcoming move, the STOCH indicator shows that there is room for the price to go a little higher, similarly on the RSI indicator, we are moving in the lower part, which may result in a rebound.
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