The currency pair Polkadot/Tether (DOT/USDT) moves from the descending trendline down.
A continuation of the downward movement downwards to the next support at 2.275 will persist.
Caution: A possible trend reversal in the direction of the resistance line at 2.37 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘%K crosses below %D’ indicator layout is discovered. The indicator is ‘%K crosses below %D’. which is often a bearish chart scenario. The currency pair is likely to fall.
Also there is a ‘Northern Doji’ candlestick chart pattern is detected. The candles form ‘Northern Doji’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.62 |
| 2nd High | 2.435 |
| Next High | 2.37 |
| Current Price | 2.315000000 |
| Next Low | 2.275 |
| 2nd Low | 2.257 |
| 3rd Low | 2.252 |
2.37 – 2.435 – 2.62 – 2.275 – 2.257 – 2.264 — 54.856428002576 – 53.052063737893 — 91.34301474727 – 85.674259196718 – 81.247184312372 – 86.460774980141
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Northern Doji – Rising Wedge Chart Pattern – –