DOT/USDT – 4H – SELLThe combination Polkadot/Tether (DOT/USDT) goes from the bullish trendline downwards
A descent down to the next support at 3.863000000 is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 4.309000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Matching Low’ candlestick chart pattern is discovered. The candles show ‘Matching Low’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.682000000 |
| 2nd High | 4.673000000 |
| Next High | 4.309000000 |
| Current Price | 3.890000000 |
| Next Low | 3.863000000 |
| 2nd Low | 3.800000000 |
| 3rd Low | 3.323000000 |
4.309000000 – 4.673000000 – 4.624000000 – 3.863000000 – 3.800000000 – 3.323000000 — 37.483686689961 – 37.144461195605
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Matching Low – –