DOT/USDT – 4H – SELLThe currency pair Polkadot/Tether (DOT/USDT) moves from the ascending trendline downwards
A bearish trend downwards to the next support line at 3.308000000 is expected.
Caution: A possible trend reversal in the direction of the resistance line at 3.665000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Matching Low’ candlestick pattern is existing. The chart shows ‘Matching Low’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.346000000 |
| 2nd High | 3.991000000 |
| Next High | 3.665000000 |
| Current Price | 3.343000000 |
| Next Low | 3.308000000 |
| 2nd Low | 3.007000000 |
| 3rd Low |
3.665000000 – 3.465000000 – 3.991000000 – 3.308000000 – 3.007000000 – 3.709000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Matching Low – Head and Shoulder chart pattern