DOT/USDT – 1H – SELLThe pair Polkadot/Tether (DOT/USDT) jumps from the bullish trendline down.
A bearish trend downwards to the next support line at 3.863000000 is likely expected.
Caution: A possible trend reversal in the direction of resistance at 4.206000000 is also possible.
Consider stop-loss settings accordingly.
Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart signal. The currency pair is likely to fall.
Moreover a ‘RSI fall below 70’ indicator layout is detected. The indicator shows ‘RSI fall below 70’. which could be a negative chart signal. The currency pair is likely to fall.
Moreover a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.673000000 |
| 2nd High | 4.554000000 |
| Next High | 4.206000000 |
| Current Price | 4.180000000 |
| Next Low | 3.863000000 |
| 2nd Low | 3.800000000 |
| 3rd Low | 3.796000000 |
4.206000000 – 4.131000000 – 4.136000000 – 3.863000000 – 3.894000000 – 4.279000000 — 59.302804190119 – 56.271810301228