DOT/USDT – 30M – SELLThe currency pair Polkadot/Tether (DOT/USDT) jumps from the bearish trendline down.
A continuation of the bearish trend downwards to the next support line at 3.820000000 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 3.921000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘RSI fall below 30’ indicator layout is discovered. The indicator is ‘RSI fall below 30’. this is usually a bearish chart scenario. The currency pair could go down.
There is also a ‘Two Crows’ candle pattern is existing. The chart shows ‘Two Crows’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.309000000 |
| 2nd High | 4.084000000 |
| Next High | 3.921000000 |
| Current Price | 3.825000000 |
| Next Low | 3.820000000 |
| 2nd Low | 3.800000000 |
| 3rd Low | 3.796000000 |
3.921000000 – 4.084000000 – 4.309000000 – 3.820000000 – 3.905000000 – 4.115000000 — 36.817990695782 – 32.733247513864
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Two Crows – Double top chart pattern –