DOT/USDT – 30M – SELLThe currency pair Polkadot/Tether (DOT/USDT) goes from the ascending trendline down.
A descent down to the next support at 5.631000000 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 6.100000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 5.702 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 6.100000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 6.147000000 |
| Next High | 6.100000000 |
| Current Price | 5.819000000 |
| Next Low | 5.631000000 |
| 2nd Low | 5.304000000 |
| 3rd Low | 4.857000000 |