DOT/USDT – 1H – SELLThe pair Polkadot/Tether (DOT/USDT) jumps from the bearish trendline down.
A continuation of the downtrend downwards to the next support line at 2.617 will persist.
Caution: A possible reversal of the trend in the direction of the resistance zone at 2.867 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart scenario. The currency pair is likely to fall.
Then a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which is often a bearish chart signal. The pair is likely to go down.
Then a ‘Three Inside Down’ candlestick pattern is existing. The chart shows ‘Three Inside Down’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.949 |
| 2nd High | 2.899 |
| Next High | 2.867 |
| Current Price | 2.764000000 |
| Next Low | 2.617 |
| 2nd Low | 2.527 |
| 3rd Low | 2.343 |
2.764 – 2.867 – 2.899 – 2.617 – 2.695 – 2.784 — 58.258651970605 – 54.137876576106 — 85.574791714439 – 80.553007719942 – 89.411195189686 – 85.284338454483
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Inside Down – – –