DOT/USDT – 1H – SELLThe currency pair Polkadot/Tether (DOT/USDT) goes from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support level at 3.250000000 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 3.508000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. this is usually a bearish chart signal. The currency pair could go down.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Current target is 3.33 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support zone at 3.508000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.786000000 |
| 2nd High | 3.577000000 |
| Next High | 3.508000000 |
| Current Price | 3.269000000 |
| Next Low | 3.250000000 |
| 2nd Low | |
| 3rd Low |
3.508000000 – 3.577000000 – 3.786000000 – 3.330000000 – 3.459000000 – 3.496000000