DOT/USDT – 1H – SELLThe pair Polkadot/Tether (DOT/USDT) jumps from the descending trendline down.
A continuation of the downtrend downwards to the next support level at 6.520000000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance level at 7.988000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Bearish Belt Hold’ candlestick pattern is found. The candles show ‘Bearish Belt Hold’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 8.972000000 |
| 2nd High | 8.468000000 |
| Next High | 7.988000000 |
| Current Price | 6.537000000 |
| Next Low | 6.520000000 |
| 2nd Low | 6.010000000 |
| 3rd Low | 5.955000000 |
Download DOT/USDT Signal Image
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bearish Belt Hold