DOT/USDT – 1H – SELLThe currency pair Polkadot/Tether (DOT/USDT) moves from the bearish trendline downwards
A continuation of the downward movement down to the next support level at 5.955000000 is considered certain.
Caution: A possible change in the direction of the resistance zone at 7.802000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Current target is 6.76 at the Fibonacci level 0-Level. Caution: A possible change in the direction of support at 7.802000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 8.972000000 |
| 2nd High | 8.468000000 |
| Next High | 7.802000000 |
| Current Price | 6.406000000 |
| Next Low | 5.955000000 |
| 2nd Low | 5.473000000 |
| 3rd Low | 5.304000000 |