DOT/USDT – 1H – SELLThe currency pair Polkadot/Tether (DOT/USDT) goes from the descending trendline down.
A continuation of the downtrend down to the next support line at will continue.
Caution: A possible counter-trend in the direction of the resistance line at 2.397 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair could go down.
Additionally a ‘Matching Low’ candlestick pattern is found. The chart forms ‘Matching Low’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.867 |
| 2nd High | 2.82 |
| Next High | 2.397 |
| Current Price | 2.267000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
2.397 – 2.339 – 2.37 – 2.176 – 2.257 – 2.252 — 45.485498640711 – 45.20520706365 — 82.41636985823 – 68.197820023458 – 90.017459319785 – 80.816737316756
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Matching Low – – –