DOT/USDT – 30M – SELLThe currency pair Polkadot/Tether (DOT/USDT) goes from the bullish trendline downwards
A bearish movement downwards to the next support level at 8.576000000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance zone at 9.019000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Current target is 8.778988 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support line at 9.019000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 10.500000000 |
| 2nd High | 9.359000000 |
| Next High | 9.019000000 |
| Current Price | 8.726000000 |
| Next Low | 8.576000000 |
| 2nd Low | 8.440000000 |
| 3rd Low | 8.002000000 |