DOT/USDT – 30M – SELLThe combination Polkadot/Tether (DOT/USDT) moves from the descending trendline down.
A continuation of the downward movement down to the next support level at 5.955000000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance zone at 7.802000000 should be noted.
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 considered certain. Target of the current trend is 7.167 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of support at 7.802000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 8.972000000 |
| 2nd High | 8.468000000 |
| Next High | 7.802000000 |
| Current Price | 7.155000000 |
| Next Low | 5.955000000 |
| 2nd Low | 5.560000000 |
| 3rd Low | 5.473000000 |