DOT/USDT – 30M – SELLThe currency pair Polkadot/Tether (DOT/USDT) jumps from the descending trendline down.
A continuation of the downward movement down to the next support level at 2.617 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 2.764 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Three Inside Down’ candlestick chart pattern is existing. The candles show ‘Three Inside Down’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.899 |
| 2nd High | 2.867 |
| Next High | 2.764 |
| Current Price | 2.712000000 |
| Next Low | 2.617 |
| 2nd Low | 2.527 |
| 3rd Low | 2.343 |
2.764 – 2.867 – 2.843 – 2.617 – 2.695 – 2.784 — 48.896239981338 – 47.857358751452 — 15.511076707582 – 15.511076707582 – 25.827894661074 – 20.427912058844
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Inside Down – Double bottom retreat down – –