DOT/USDT – 1H – SELLThe currency pair Polkadot/Tether (DOT/USDT) jumps from the bullish trendline downwards
A bearish trend downwards to the next support at is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 4.626000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative signal. The currency pair is likely to fall.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 4.176408 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 4.626000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 4.673000000 |
| Next High | 4.626000000 |
| Current Price | 4.264000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
4.626000000 – 4.281000000 – 4.258000000 – 4.280000000 – 4.153000000 – 4.119000000 — 42.749540164494 – 36.650073496456