DOT/USDT – 30M – SELLThe combination Polkadot/Tether (DOT/USDT) moves from the descending trendline downwards
A continuation of the bearish trend down to the next support line at 6.464000000 is likely expected.
Caution: A possible change in the direction of the resistance zone at 7.988000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Two Crows’ candlestick chart pattern is detected. The candles show ‘Two Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 8.972000000 |
| 2nd High | 8.468000000 |
| Next High | 7.988000000 |
| Current Price | 6.537000000 |
| Next Low | 6.464000000 |
| 2nd Low | 6.010000000 |
| 3rd Low | 5.955000000 |