DOT/USDT – 4H – SELLThe combination Polkadot/Tether (DOT/USDT) jumps from the bullish trendline down.
A descent downwards to the next support level at 6.520000000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance line at 7.988000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 6.01 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support line at 7.988000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 9.669000000 |
| 2nd High | 9.264000000 |
| Next High | 7.988000000 |
| Current Price | 6.696000000 |
| Next Low | 6.520000000 |
| 2nd Low | 6.010000000 |
| 3rd Low | 5.473000000 |