DOT/USDT – 30M – SELLThe currency pair Polkadot/Tether (DOT/USDT) jumps from the descending trendline downwards
A continuation of the downtrend downwards to the next support level at 3.568000000 will persist.
Caution: A possible change in the direction of the resistance level at 3.921000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘RSI fall below 30’ indicator layout is found. The indicator is ‘RSI fall below 30’. which is often a bearish chart signal. The currency pair is likely to fall.
Furthermore a ‘Two Crows’ chart pattern is existing. The chart forms ‘Two Crows’. which 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 success rate of a ‘Two Crows’ going 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 | 3.569000000 |
| Next Low | 3.568000000 |
| 2nd Low | 3.332000000 |
| 3rd Low | 3.323000000 |
3.921000000 – 3.858000000 – 3.921000000 – 3.568000000 – 3.745000000 – 3.626000000 — 44.617290201278 – 33.583440318088
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Two Crows – Double top chart pattern –