DOT/USDT – 1H – BUYThe pair Polkadot/Tether (DOT/USDT) moves from the bearish trendline downwards
A continuation of the downward movement downwards to the next support level at 4.686000000 is likely expected.
Caution: A possible change in the direction of the resistance level at 5.216000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 5.2625 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance level at 5.216000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 5.839000000 |
| 2nd High | 5.429000000 |
| Next High | 5.216000000 |
| Current Price | 5.009000000 |
| Next Low | 4.686000000 |
| 2nd Low | 4.314000000 |
| 3rd Low | 4.239000000 |