DOT/USDT – 4H – SELLNext a ‘Double bottom retreat down’ chart layout is found. The chart shows ‘Double bottom retreat down’. which is a bearish chart scenario. The pair is likely to go down.
The pair Polkadot/Tether (DOT/USDT) goes from the descending trendline down.
A continuation of the downtrend down to the next support line at 3.690000000 will continue.
Caution: A possible counter-trend in the direction of the resistance level at 4.193000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Collapsing Doji Star’ candle chart pattern is existing. The candles show ‘Collapsing Doji Star’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Collapsing Doji Star’ heading down is 63% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.673000000 |
| 2nd High | 4.371000000 |
| Next High | 4.193000000 |
| Current Price | 4.165000000 |
| Next Low | 3.690000000 |
| 2nd Low | 3.538000000 |
| 3rd Low | 3.427000000 |
4.193000000 – 4.371000000 – 4.181000000 – 3.690000000 – 3.697000000 – 3.812000000 — 66.105589811288 – 60.756298650139
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Collapsing Doji Star – Double bottom retreat down – –