DOT/USDT – 1H – SELLThe combination Polkadot/Tether (DOT/USDT) jumps from the bullish trendline downwards
A descent downwards to the next support at 5.473000000 will persist.
Caution: A possible change in the direction of the resistance line at 6.080000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend will persist. Target of the current trend is 5.912144 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of support at 6.080000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 6.147000000 |
| 2nd High | 6.100000000 |
| Next High | 6.080000000 |
| Current Price | 6.023000000 |
| Next Low | 5.473000000 |
| 2nd Low | 5.304000000 |
| 3rd Low | 4.686000000 |