The pair Polkadot/Tether (DOT/USDT) goes from the bullish trendline downwards
A bearish descent down to the next support line at 1.205 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.263 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair is likely to fall.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 1.212576 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support line at 1.263 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.315 |
| 2nd High | 1.275 |
| Next High | 1.263 |
| Current Price | 1.225000000 |
| Next Low | 1.205 |
| 2nd Low | 1.197 |
| 3rd Low | 1.195 |
1.263 – 1.224 – 1.221 – 1.205 – 1.197 – 1.205 —
1.221000000 – 1.243000000 —
42.491429375341 – 57.347807036074 —
– —
1.263 – 1777869000