DOT/USDT – 1H – SELLThe pair Polkadot/Tether (DOT/USDT) jumps from the descending trendline down.
A continuation of the bearish trend downwards to the next support at 3.710000000 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 3.923000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The currency pair is likely to fall.
Moreover a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. this is usually a bearish chart scenario. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.371000000 |
| 2nd High | 4.193000000 |
| Next High | 3.923000000 |
| Current Price | 3.820000000 |
| Next Low | 3.710000000 |
| 2nd Low | 3.697000000 |
| 3rd Low | 3.538000000 |
3.923000000 – 3.908000000 – 4.193000000 – 3.710000000 – 3.697000000 – 3.830000000 — 50.826799637326 – 49.65813923882