DOT/USDT – 30M – SELLThe pair Polkadot/Tether (DOT/USDT) moves from the ascending trendline downwards
The bearish trend downwards to the next support line at 3.874000000 will persist.
Caution: A possible change in the direction of resistance at 4.005000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. this is usually a bearish chart signal. The currency pair could go down.
Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Current target is 3.807 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the support zone at 4.005000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.146000000 |
| 2nd High | 4.021000000 |
| Next High | 4.005000000 |
| Current Price | 3.816000000 |
| Next Low | 3.874000000 |
| 2nd Low | 3.807000000 |
| 3rd Low | 3.755000000 |
4.005000000 – 4.021000000 – 3.995000000 – 3.874000000 – 3.807000000 – 3.836000000 — 32.425579792873 – 30.776440799969
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – – Rising Wedge Chart Pattern – –