DOT/USDT – 4H – SELLThe pair Polkadot/Tether (DOT/USDT) goes from the bullish trendline down.
A bearish movement downwards to the next support line at 3.308000000 is expected.
Caution: A possible trend reversal in the direction of resistance at 3.665000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Matching Low’ candle chart pattern is discovered. The chart forms ‘Matching Low’. which is a bullish pattern signal. The currency 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