The currency pair Polkadot/Tether (DOT/USDT) goes from the bearish trendline down.
A continuation of the bearish trend down to the next support line at 4.381000000 is likely expected.
Caution: A possible counter-trend in the direction of resistance at 4.587000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.682000000 |
| 2nd High | 4.624000000 |
| Next High | 4.587000000 |
| Current Price | 4.539000000 |
| Next Low | 4.381000000 |
| 2nd Low | 4.348000000 |
| 3rd Low | 4.165000000 |
4.587000000 – 4.454000000 – 4.335000000 – 4.381000000 – 4.348000000 – 4.165000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – – Double bottom retreat down