DOT/USDT – 1H – SELLMoreover a ‘Double top chart pattern’ chart formation is discovered. The chart forms ‘Double top chart pattern’. which is a negative pattern signal. The currency pair is likely to go down.
The currency pair Polkadot/Tether (DOT/USDT) moves from the ascending trendline downwards
The bearish trend down to the next support at 3.323000000 is certain.
Caution: A possible trend reversal in the direction of the resistance line at 3.921000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘RSI cross above 30’ indicator layout is existing. The indicator is ‘RSI cross above 30’. which is often a bullish chart signal. The pair is likely to go up.
Moreover a ‘Collapsing Doji Star’ candlestick chart pattern is existing. The chart shows ‘Collapsing Doji Star’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Collapsing Doji Star’ heading down is 63% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.309000000 |
| 2nd High | 4.084000000 |
| Next High | 3.921000000 |
| Current Price | 3.610000000 |
| Next Low | 3.323000000 |
| 2nd Low | 3.308000000 |
| 3rd Low | 3.274000000 |
3.921000000 – 4.084000000 – 4.309000000 – 3.626000000 – 3.820000000 – 3.905000000 — 29.220216544075 – 24.43911173023
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Collapsing Doji Star – Double top chart pattern –