DOT/USDT – 30M – SELLThe pair Polkadot/Tether (DOT/USDT) moves from the bearish trendline downwards
A continuation of the downtrend downwards to the next support at 2.263 is likely expected.
Caution: A possible change in the direction of the resistance zone at 2.316 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘%K fall below 80’ indicator layout is detected. The indicator is ‘%K fall below 80’. which is often a bearish signal. The currency pair is likely to fall.
Moreover a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which is often a bearish chart scenario. The currency pair is likely to fall.
Moreover a ‘Three Black Crows’ candle pattern is existing. The candles form ‘Three Black Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.435 |
| 2nd High | 2.397 |
| Next High | 2.316 |
| Current Price | 2.263000000 |
| Next Low | 2.263 |
| 2nd Low | 2.176 |
| 3rd Low | 0.633 |
2.316 – 2.397 – 2.339 – 2.263 – 2.176 – 2.242 — 42.422350235063 – 40.965937897774 — 3.5657612246803 – 0 – 18.648993434768 – 7.0481346650487
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Black Crows – – –