The pair Polkadot/Tether (DOT/USDT) moves from the bearish trendline downwards
A continuation of the bearish trend down to the next support line at 6.010000000 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 7.802000000 should be noted.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 6.756468 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support line at 7.802000000 should be noted.
Consider stop-loss settings accordingly.
Support & Resistance | Price Range* |
---|---|
3rd High | 8.972000000 |
2nd High | 8.468000000 |
Next High | 7.802000000 |
Current Price | 7.451000000 |
Next Low | 6.010000000 |
2nd Low | 5.955000000 |
3rd Low | 5.473000000 |