DOT/USDT – 30M – SELLThe currency pair Polkadot/Tether (DOT/USDT) goes from the ascending trendline downwards
A bearish trend down to the next support level at 6.763000000 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 7.270000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 6.393488 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support zone at 7.270000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 8.468000000 |
| 2nd High | 7.802000000 |
| Next High | 7.270000000 |
| Current Price | 6.806000000 |
| Next Low | 6.763000000 |
| 2nd Low | 6.010000000 |
| 3rd Low | 5.955000000 |