DOT/USDT – 30M – SELLThe currency pair Polkadot/Tether (DOT/USDT) jumps from the ascending trendline downwards
A descent down to the next support line at 3.963000000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance zone at 4.214000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Shooting Star’ candlestick chart pattern is detected. The chart forms ‘Shooting Star’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.598000000 |
| 2nd High | 4.225000000 |
| Next High | 4.214000000 |
| Current Price | 4.119000000 |
| Next Low | 3.963000000 |
| 2nd Low | 3.868000000 |
| 3rd Low | 3.742000000 |
4.077000000 – 4.112000000 – 4.056000000 – 3.963000000 – 3.977000000 – 4.013000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Shooting Star