DOT/USDT – 30M – SELLThe combination Polkadot/Tether (DOT/USDT) goes from the bullish trendline downwards
A descending movement down to the next support line at 5.631000000 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 6.100000000 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 5.702 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support line at 6.100000000 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 6.147000000 |
| Next High | 6.100000000 |
| Current Price | 5.845000000 |
| Next Low | 5.631000000 |
| 2nd Low | 5.304000000 |
| 3rd Low | 4.857000000 |