DOT/USDT – 1H – BUYThe combination Polkadot/Tether (DOT/USDT) breaks through the descending trendline upwards
An ascent upwards to the next resistance level at 6.100000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the support zone at 5.631000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Current target is 6.147 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 6.100000000 is also possible.
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 | 5.830000000 |
| Next Low | 5.631000000 |
| 2nd Low | 5.304000000 |
| 3rd Low | 4.686000000 |