DOT/USDT – 4H – SELLThe pair Polkadot/Tether (DOT/USDT) moves from the ascending trendline downwards
A descent downwards to the next support at 6.520000000 is certain.
Caution: A possible trend reversal in the direction of resistance at 7.988000000 could happen.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 6.01 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support zone at 7.988000000 could happen.
Consider stop-loss settings accordingly.
| 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 |