DOT/USDT – 30M – SELLThe currency pair Polkadot/Tether (DOT/USDT) moves from the descending trendline downwards
A continuation of the downtrend downwards to the next support line at is likely expected.
Caution: A possible change in the direction of the resistance level at 2.37 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The pair is likely to go down.
Then a ‘Two Crows’ candle chart pattern is detected. 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 probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.62 |
| 2nd High | 2.435 |
| Next High | 2.37 |
| Current Price | 2.315000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
2.37 – 2.435 – 2.62 – 2.257 – 2.264 – 2.273 — 47.780287404043 – 41.382812219797 — 27.581346548313 – 21.737979416923 – 37.080077362317 – 29.875954434194
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Two Crows – Symmetrical Triangle Chart Pattern – –