Hello everyone, let’s take a look at the DOT to USDT chart over the 1 day timeframe. As you can see, the price is moving in an uptrend channel marked with blue lines.

Let’s start by determining the support lines with the Trend-Based Fib Extension tool and as you can see, the first support in the near future is $ 18.09, if the support breaks down, the next ones are $ 17.06 and $ 16.24.

Now let’s move from the resistance line as the first resistance is $ 19.35, if you can break it the next resistance will be $ 20.77 and $ 21.94 plus $ 23.09.

Looking at the CHOP indicator , we can see that in the 1-day range we are starting to gain more and more energy, and the MACD indicator shows that an uptrend has started.