Sell DOT/USDT – 1H – SELL

The pair Polkadot/Tether (DOT/USDT) goes from the bearish trendline down.

A continuation of the downtrend down to the next support level at 1.482 is considered certain.

Caution: A possible trend reversal in the direction of the resistance zone at 1.556 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 1.50082 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support level at 1.556 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Support & Resistance Price Range*
3rd High 1.603
2nd High 1.574
Next High 1.556
Current Price 1.514000000
Next Low 1.482
2nd Low 1.473
3rd Low 1.458

1.556 – 1.574 – 1.557 – 1.482 – 1.508 – 1.473 —
1.533000000 – 1.547000000 —
49.598816300762 – 56.063187374562 —
– —
1.556 – 1772740800

Trading Signals:

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