DOT/USDT – 1H – SELLThe currency pair Polkadot/Tether (DOT/USDT) goes from the ascending trendline downwards
The bearish trend downwards to the next support line at 8.367000000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance line at 8.972000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 8.347 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support line at 8.972000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 9.264000000 |
| 2nd High | 9.173000000 |
| Next High | 8.972000000 |
| Current Price | 8.487000000 |
| Next Low | 8.367000000 |
| 2nd Low | 8.347000000 |
| 3rd Low | 7.590000000 |