DOT/USDT – 4H – SELLThe currency pair Polkadot/Tether (DOT/USDT) moves from the descending trendline down.
A continuation of the bearish trend down to the next support level at 3.817000000 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 4.181000000 should be noted.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Target of the current trend is 3.721056 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support level at 4.181000000 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.673000000 |
| 2nd High | 4.309000000 |
| Next High | 4.181000000 |
| Current Price | 3.992000000 |
| Next Low | 3.817000000 |
| 2nd Low | 3.538000000 |
| 3rd Low | 3.427000000 |
4.181000000 – 3.757000000 – 4.309000000 – 3.817000000 – 3.538000000 – 3.427000000 — 46.620394553409 – 43.982683218704
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – – Double bottom retreat down – –