DOT/USDT – 30M – SELLThe currency pair Polkadot/Tether (DOT/USDT) moves from the bullish trendline down.
The bearish trend down to the next support line at 4.097000000 is expected.
Caution: A possible reversal of the trend in the direction of resistance at 4.317000000 should be noted.
Consider stop-loss settings accordingly.
Besides a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.
Besides a ‘Collapsing Doji Star’ chart pattern is detected. The chart shows ‘Collapsing Doji Star’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Collapsing Doji Star’ heading down is 63% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.682000000 |
| 2nd High | 4.598000000 |
| Next High | 4.317000000 |
| Current Price | 4.286000000 |
| Next Low | 4.097000000 |
| 2nd Low | 3.963000000 |
| 3rd Low | 3.868000000 |
4.317000000 – 4.309000000 – 4.215000000 – 4.097000000 – 3.963000000 – 3.977000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Collapsing Doji Star