DOT/USDT – 30M – SELLAdditionally a ‘Double top chart pattern’ chart formation is discovered. The chart shows ‘Double top chart pattern’. which is a bearish pattern signal. The currency pair is likely to go down.
The pair Polkadot/Tether (DOT/USDT) moves from the bearish trendline down.
A continuation of the downward movement down to the next support level at 3.820000000 will continue.
Caution: A possible reversal of the trend in the direction of resistance at 3.921000000 should be noted.
Consider stop-loss settings accordingly.
Additionally a ‘RSI fall below 30’ indicator signal is discovered. The indicator is ‘RSI fall below 30’. which is often a bearish signal. The currency pair is likely to fall.
Additionally a ‘Northern Doji’ candlestick pattern is found. The candles show ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.309000000 |
| 2nd High | 4.084000000 |
| Next High | 3.921000000 |
| Current Price | 3.809000000 |
| Next Low | 3.820000000 |
| 2nd Low | 3.800000000 |
| 3rd Low | 3.796000000 |
3.921000000 – 4.084000000 – 4.309000000 – 3.820000000 – 3.905000000 – 4.115000000 — 39.702653529326 – 33.02085582796
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – Double top chart pattern –