DOT/USDT – 1H – SELLThe combination Polkadot/Tether (DOT/USDT) moves from the bullish trendline down.
The bearish trend downwards to the next support level at 2.642 will continue.
Caution: A possible change in the direction of the resistance line at 2.802 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The currency pair is likely to fall.
Furthermore a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Furthermore a ‘Two Crows’ chart pattern is discovered. The chart forms ‘Two Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.899 |
| 2nd High | 2.867 |
| Next High | 2.802 |
| Current Price | 2.616000000 |
| Next Low | 2.642 |
| 2nd Low | 2.617 |
| 3rd Low | 2.527 |
2.802 – 2.764 – 2.867 – 2.642 – 2.617 – 2.695 — 36.090324941853 – 32.256464621041 — 44.981742621396 – 24.828017510944 – 62.82837243607 – 47.86441035464
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Two Crows – Symmetrical Triangle Chart Pattern – –