The combination Polkadot/Tether (DOT/USDT) goes from the bearish trendline down.
A continuation of the downtrend down to the next support at 0.949 is certain.
Caution: A possible trend reversal in the direction of resistance at 0.975 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.949912 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support zone at 0.975 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.982 |
| 2nd High | 0.976 |
| Next High | 0.975 |
| Current Price | 0.951000000 |
| Next Low | 0.949 |
| 2nd Low | 0.947 |
| 3rd Low | 0.94 |
0.975 – 0.976 – 0.974 – 0.96 – 0.949 – 0.947 —
0.966000000 – 0.972000000 —
48.224280856553 – 51.03206142084 —
– —
0.975 – 1782036000
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – – Symmetrical Triangle Chart Pattern – –