DOT/USDT – 1H – SELLThe combination Polkadot/Tether (DOT/USDT) moves from the bullish trendline downwards
A bearish movement downwards to the next support level at 7.167000000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance level at 8.468000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 7.167 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 8.468000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 9.173000000 |
| 2nd High | 8.972000000 |
| Next High | 8.468000000 |
| Current Price | 7.432000000 |
| Next Low | 7.167000000 |
| 2nd Low | 5.955000000 |
| 3rd Low | 5.473000000 |