DOT/USDT – 30M – SELLThe currency pair Polkadot/Tether (DOT/USDT) moves from the descending trendline down.
A continuation of the bearish trend down to the next support at 1.34 will continue.
Caution: A possible trend reversal in the direction of resistance at 1.377 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Matching Low’ candlestick pattern is discovered. The candles show ‘Matching Low’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.407 |
| 2nd High | 1.393 |
| Next High | 1.377 |
| Current Price | 1.364000000 |
| Next Low | 1.34 |
| 2nd Low | 1.101 |
| 3rd Low | 0.633 |
1.377 – 1.393 – 1.407 – 1.34 – 1.342 – 1.101 —
1.370000000 – 1.368000000 —
49.41064883697 – 52.856005141302 —
– —
1.377 – 1770541200
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Matching Low – – –