DOT/USDT – 1H – SELLThe currency pair Polkadot/Tether (DOT/USDT) moves from the ascending trendline down.
A descent downwards to the next support line at 3.796000000 is expected.
Caution: A possible change in the direction of the resistance line at 4.110000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Northern Doji’ candlestick chart pattern is existing. The chart forms ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. 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 | 4.682000000 |
| 2nd High | 4.346000000 |
| Next High | 4.110000000 |
| Current Price | 3.987000000 |
| Next Low | 3.796000000 |
| 2nd Low | 3.323000000 |
| 3rd Low | 3.308000000 |
4.110000000 – 3.448000000 – 3.390000000 – 3.796000000 – 3.828000000 – 3.323000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Northern Doji –