DOT/USDT – 1H – SELLThe pair Polkadot/Tether (DOT/USDT) jumps from the descending trendline downwards
A continuation of the downward movement down to the next support level at 3.499000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 3.665000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Northern Doji’ candlestick chart pattern is found. The candles form ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘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 | 3.665000000 |
| Current Price | 3.429000000 |
| Next Low | 3.499000000 |
| 2nd Low | 3.366000000 |
| 3rd Low | 3.352000000 |
3.665000000 – 3.582000000 – 3.433000000 – 3.499000000 – 3.366000000 – 3.352000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Northern Doji – Rising Wedge Chart Pattern