DOT/USDT – 1H – SELLThe currency pair Polkadot/Tether (DOT/USDT) jumps from the bearish trendline down.
A continuation of the bearish trend down to the next support level at 3.863000000 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 4.084000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The currency pair is likely to fall.
Next a ‘Two Crows’ candle pattern is discovered. The candles form ‘Two Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.554000000 |
| 2nd High | 4.309000000 |
| Next High | 4.084000000 |
| Current Price | 3.868000000 |
| Next Low | 3.863000000 |
| 2nd Low | 3.800000000 |
| 3rd Low | 3.796000000 |
4.084000000 – 4.309000000 – 4.206000000 – 3.905000000 – 3.863000000 – 3.894000000 — 40.78022825632 – 36.936649623071
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Two Crows – –