The combination Polkadot/Tether (DOT/USDT) moves from the bullish trendline down.
A bearish movement down to the next support level at 2.096 is certain.
Caution: A possible change in the direction of resistance at 2.393 is within the realm of possibility.
Consider stop-loss settings accordingly.
Also there is a ‘Two Crows’ candle pattern is found. The chart forms ‘Two Crows’. this is a bearish signal. The currency pair is likely to fall. 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 | 2.435 |
| 2nd High | 2.4 |
| Next High | 2.393 |
| Current Price | 2.208000000 |
| Next Low | 2.096 |
| 2nd Low | 1.968 |
| 3rd Low | 1.765 |
2.173 – 2.01 – 2.033 – 2.096 – 2.119 – 1.968 — 61.483754805995 – 57.970031859103 — 47.734409448857 – 45.767149129073 – 39.032075969179 – 43.371169169348
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Two Crows – Double bottom retreat down – –