DOT/USDT – 30M – SELLThe combination Polkadot/Tether (DOT/USDT) jumps from the bearish trendline down.
A continuation of the bearish trend down to the next support line at 3.389000000 is likely expected.
Caution: A possible change in the direction of the resistance line at 3.675000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which could be a negative signal. The currency pair is likely to fall.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 3.554 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 3.675000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Northern Doji’ candle pattern is discovered. The candles form ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.991000000 |
| 2nd High | 3.786000000 |
| Next High | 3.675000000 |
| Current Price | 3.527000000 |
| Next Low | 3.389000000 |
| 2nd Low | 3.339000000 |
| 3rd Low | 3.250000000 |
3.675000000 – 3.786000000 – 3.991000000 – 3.554000000 – 3.572000000 – 3.663000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Northern Doji