DOT/USDT – 30M – SELLThe currency pair Polkadot/Tether (DOT/USDT) jumps from the bullish trendline down.
A descending movement downwards to the next support line at 4.512000000 will persist.
Caution: A possible trend reversal in the direction of the resistance line at 4.673000000 could occur.
Consider stop-loss settings accordingly.
Furthermore a ‘Two Crows’ candlestick chart pattern is found. The chart forms ‘Two Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 4.673000000 |
| Current Price | 4.631000000 |
| Next Low | 4.512000000 |
| 2nd Low | 4.136000000 |
| 3rd Low | 4.119000000 |
4.595000000 – 4.295000000 – 4.405000000 – 4.512000000 – 4.136000000 – 4.151000000 — 56.693568134616 – 53.224348930224
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Two Crows – Double top chart pattern – –