The pair Polkadot/Tether (DOT/USDT) jumps from the bearish trendline down.
A continuation of the downward movement down to the next support line at will continue.
Caution: A possible reversal of the trend in the direction of resistance at 1.377 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish signal. The currency pair could go down.
Additionally a ‘MACD crosses below signal’ indicator signal is discovered. The indicator is ‘MACD crosses below signal’. which is often a bearish signal. The currency pair could go down.
Additionally a ‘Bearish Belt Hold’ chart pattern is found. The chart shows ‘Bearish Belt Hold’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.407 |
| 2nd High | 1.393 |
| Next High | 1.377 |
| Current Price | 1.347000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.377 – 1.393 – 1.407 – 1.34 – 1.342 – 1.101 —
1.360000000 – 1.357000000 —
46.575920900721 – 48.848076732689 —
– —
1.377 – 1770541200
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Bearish Belt Hold – – –