DOT/USDT – 30M – SELLThe combination Polkadot/Tether (DOT/USDT) goes from the ascending trendline down.
A descent downwards to the next support level at 4.363000000 is certain.
Caution: A possible change in the direction of the resistance level at 4.626000000 could happen.
Consider stop-loss settings accordingly.
And also a ‘Tweezers Top’ candlestick chart pattern is found. The chart forms ‘Tweezers Top’. this 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 ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.682000000 |
| 2nd High | 4.673000000 |
| Next High | 4.626000000 |
| Current Price | 4.434000000 |
| Next Low | 4.363000000 |
| 2nd Low | 4.153000000 |
| 3rd Low | 4.119000000 |
4.626000000 – 4.281000000 – 4.244000000 – 4.363000000 – 4.417000000 – 4.153000000 — 52.963394951533 – 48.141882998771
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Tweezers Top – – –