DOT/USDT – 1H – SELLThe combination Polkadot/Tether (DOT/USDT) jumps from the descending trendline down.
A continuation of the bearish trend downwards to the next support line at 8.587000000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 9.173000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Three Black Crows’ candle pattern is discovered. The chart shows ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 9.669000000 |
| 2nd High | 9.264000000 |
| Next High | 9.173000000 |
| Current Price | 8.562000000 |
| Next Low | 8.587000000 |
| 2nd Low | 8.367000000 |
| 3rd Low | 8.347000000 |
Download DOT/USDT Signal Image
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Black Crows