Hello everyone, let’s take a look at the DOT to USDT chart on the 1D Interval.
Let’s start by marking the downtrend line as you can see that the price has broken it.
Now let’s move on to the support line, which is visible at $ 17.43 and $ 15.75, while another is already in the support area from $ 11.36 to $ 8.07.
Looking the other way around, it makes sense to plot the closest resistance points to price, the first of which is $ 18.66 and the next $ 19.70.
However, the large resistances that we have to overcome are at the prices of $ 23.8, $ 29.90, $ 34.63 and $ 39.47 = FIB 0.618 so-called. bad point.
It is worth paying attention to the CHOP indicator , which shows that the energy slowly begins to bounce back with an interval of 1 day.