DOT/USDT – 30M – SELLThe combination Polkadot/Tether (DOT/USDT) goes from the bullish trendline down.
A bearish movement downwards to the next support at 3.755000000 is expected.
Caution: A possible counter-trend in the direction of resistance at 4.146000000 could occur.
Consider stop-loss settings accordingly.
Also there is a ‘Two Crows’ candle chart pattern is detected. The candles form ‘Two Crows’. this is a bearish pattern signal. The currency pair is likely to fall. 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 | 4.371000000 |
| 2nd High | 4.283000000 |
| Next High | 4.146000000 |
| Current Price | 3.887000000 |
| Next Low | 3.755000000 |
| 2nd Low | 3.689000000 |
| 3rd Low | 3.688000000 |
3.856000000 – 3.815000000 – 4.146000000 – 3.755000000 – 3.689000000 – 3.853000000 — 60.370650658799 – 58.119367012647
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Two Crows – – –