DOT/USDT – 1H – BUYThe pair Polkadot/Tether (DOT/USDT) jumps from the bullish trendline downwards
A bearish descent down to the next support level at 6.482000000 will persist.
Caution: A possible change in the direction of the resistance zone at 6.810000000 could occur.
Consider stop-loss settings accordingly.
And also a ‘Two Crows’ chart pattern is discovered. The chart forms ‘Two Crows’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 7.988000000 |
| 2nd High | 6.840000000 |
| Next High | 6.810000000 |
| Current Price | 6.696000000 |
| Next Low | 6.482000000 |
| 2nd Low | 6.454000000 |
| 3rd Low | 6.010000000 |