DOT/USDT – 30M – SELLThe combination Polkadot/Tether (DOT/USDT) goes from the ascending trendline down.
A bearish trend down to the next support level at 6.836000000 is considered certain.
Caution: A possible trend reversal in the direction of resistance at 7.802000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Evening Star’ candle chart pattern is existing. The candles show ‘Evening Star’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Evening Star’ heading down is 72% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 8.972000000 |
| 2nd High | 8.468000000 |
| Next High | 7.802000000 |
| Current Price | 6.965000000 |
| Next Low | 6.836000000 |
| 2nd Low | 6.010000000 |
| 3rd Low | 5.955000000 |
Download DOT/USDT Signal Image
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Evening Star