The combination Polkadot/Tether (DOT/USDT) jumps from the ascending trendline downwards
The bearish trend down to the next support line at is likely expected.
Caution: A possible counter-trend in the direction of the resistance level at 1.941 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The pair is likely to go down.
Also there is a ‘Matching Low’ candle pattern is found. The candles show ‘Matching Low’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.984 |
| 2nd High | 1.981 |
| Next High | 1.941 |
| Current Price | 1.921000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.941 – 1.981 – 1.984 – 1.899 – 1.903 – 1.897 —
1.915000000 – 1.924000000 —
44.859226969203 – 54.285051717613 —
– —
1.94100 – 1769229000
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Matching Low – – –