The pair Polkadot/Tether (DOT/USDT) jumps from the descending trendline down.
A continuation of the downtrend down to the next support at 3.894000000 will persist.
Caution: A possible change in the direction of the resistance level at 4.136000000 is also possible.
Consider stop-loss settings accordingly.
There is also a ‘Northern Doji’ candlestick pattern is detected. The chart shows ‘Northern Doji’. this 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 ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.554000000 |
| 2nd High | 4.202000000 |
| Next High | 4.136000000 |
| Current Price | 3.926000000 |
| Next Low | 3.894000000 |
| 2nd Low | 3.839000000 |
| 3rd Low | 3.800000000 |
4.136000000 – 4.202000000 – 4.554000000 – 3.894000000 – 4.000000000 – 4.355000000 — 36.973082274811 – 35.999606501199
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – –