Sat. Oct 16th, 2021

DOT / USDTPERP Long term trend: bearish

Key resistance levels: 11.77, 10.56, 10.00

Key levels of attendance: 12.96, 13.60, 14.66

Daily chart:

The price of the highest time period managed to break the pennant bearish formation, which shows that sellers have clear control. The market managed to break the strong daily support around 12.96, where we expect a new downward movement after this move.

DOT / USDTPERP Medium term trend: bearish

One hour chart:

In the lower time period, the pair managed to break the formation of bearish pennants to the downside after finding bears around 61.80% Fibonacci retracement. We expect a higher correction in the highlighted area before a new settlement to the target profit occurs.

Signal idea:

Sales limit order @ 12,707

TP 1 @ 11,799

TP 2 @ 10,568

Stop losses @ 13,007

Trade safely 🙂




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