DOT/USDT – 1H – SELLThe combination Polkadot/Tether (DOT/USDT) jumps from the bullish trendline down.
A descending movement downwards to the next support line at 7.460000000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 7.988000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Bearish Harami’ candlestick pattern is existing. The candles show ‘Bearish Harami’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Harami’ going down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 8.972000000 |
| 2nd High | 8.468000000 |
| Next High | 7.988000000 |
| Current Price | 7.694000000 |
| Next Low | 7.460000000 |
| 2nd Low | 7.102000000 |
| 3rd Low | 6.520000000 |
Download DOT/USDT Signal Image
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bearish Harami