Sell DOT/USDT – 1H – SELL

The currency pair Polkadot/Tether (DOT/USDT) moves from the ascending trendline downwards

A bearish trend down to the next support level at 5.955000000 is considered certain.

Caution: A possible change in the direction of the resistance zone at 8.468000000 should be noted.
Consider stop-loss settings accordingly.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 7.167 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 8.468000000 should be noted.
Consider stop-loss settings accordingly.

Support & Resistance Price Range*
3rd High 9.173000000
2nd High 8.972000000
Next High 8.468000000
Current Price 7.143000000
Next Low 5.955000000
2nd Low 5.473000000
3rd Low 5.304000000

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