DOT/USDT – 30M – SELLThe combination Polkadot/Tether (DOT/USDT) moves from the descending trendline downwards
A continuation of the downtrend down to the next support line at 4.381000000 is certain.
Caution: A possible trend reversal in the direction of the resistance line at 4.682000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Northern Doji’ candlestick chart pattern is detected. The candles show ‘Northern Doji’. this is a bullish 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’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 5.267000000 |
| 2nd High | 5.120000000 |
| Next High | 4.682000000 |
| Current Price | 4.477000000 |
| Next Low | 4.381000000 |
| 2nd Low | 4.348000000 |
| 3rd Low | 4.165000000 |
4.587000000 – 4.454000000 – 4.335000000 – 4.381000000 – 4.348000000 – 4.165000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Northern Doji – Rising Wedge Chart Pattern