DOT/USDT – 4H – BUYThe combination Polkadot/Tether (DOT/USDT) moves from the descending trendline downwards
A continuation of the downtrend downwards to the next support level at 6.654000000 will persist.
Caution: A possible counter-trend in the direction of the resistance level at 7.678000000 is also possible.
Consider stop-loss settings accordingly.
Additionally a ‘Matching Low’ candlestick chart pattern is found. The chart shows ‘Matching Low’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 9.264000000 |
| 2nd High | 7.802000000 |
| Next High | 7.678000000 |
| Current Price | 6.919000000 |
| Next Low | 6.654000000 |
| 2nd Low | 6.010000000 |
| 3rd Low | 5.473000000 |
Download DOT/USDT Signal Image
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Matching Low