DOT/USDT 4HInterval Review Chart

Hello everyone, welcome to the DOT review in tandem with USDT. First of all, we will use the yellow line to mark the downtrend, as we can see the price tried to break above this line, but this attempt failed and the price quickly turned around.

Going further, we can move on to marking support areas in a situation where the correction will deepen. And here we first have a support zone from $4.48 to $4.38, then we have strong support at $4.27, then another support at $4.13.

Looking the other way, we see that the price did not hold above the first resistance zone from $4.63 to $4.84, we see that we touched the second zone from $4.78 to $4.84, but there was no energy to go further when it will move towards the $4.94 to $5.06 strong zone.

Please look at the CHOP index, which shows that the energy is slowly gaining strength, the RSI has a strong rebound, although there is still room for price to fall, and looking at the STOCH index, we see that most of the energy has been used up and there is some room for further movement.